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Commentary says Chinese policymakers have become more relaxed about yuan fluctuations but remain willing to intervene in either direction. The piece cites recent two-way volatility, strong capital inflows and trade surpluses as reasons for the hands-off approach.
Expected two-way yuan volatility adds uncertainty to China's dollar cost of imported feed ingredients, but no clear directional price signal for feed commodities.
euromoney.comPaul GoldenMar 2, 2022After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
