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New research from Eichengreen and Macaire finds a significant correlation between countries' trade with China and their yuan reserve holdings. The paper suggests the renminbi's share of reserves can rise if Chinese trade and yuan invoicing keep growing.
This analysis concerns long-run currency reserve trends and does not affect feed supply, demand or prices in the near term.
straitstimes.comJul 25, 2022After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
