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China's yuan eased slightly on December 22 after the PBOC set its midpoint fixing at 6.3703 per dollar, weaker than a Reuters estimate of 6.369. Trading was tepid ahead of the year-end holidays.
Routine currency moves of this size have little direct effect on feed commodity prices. It is a minor market wrap for yuan-linked import costs.
reuters.comDec 22, 2021Not enough comparable past events yet for a historical read.
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.
