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China's forex regulator said the country is better prepared for the imminent Fed tapering than in 2013, citing growing exports, strong fundamentals and limited corporate foreign-debt exposure. The regulator contrasted current borrowing levels with the pre-2013 credit boom.
Expectation of a stable yuan supports steady Chinese import demand for feed ingredients, with little direct price impact on grain and meal markets.
english.scio.gov.cn刘佳宁Jan 24, 2022After 42 past neutral policy events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (50% higher; middle half -0.3% to +0.4%), and -0.2% 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.
