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The yuan has decoupled from the US dollar since September, rising even as the greenback strengthened, driven by surging exports and capital inflows. Analysts see the PBOC's hands-off approach to managing the exchange rate as a key uncertainty for 2022.
Yuan direction affects the purchasing power of Chinese feed buyers and the relative cost of imported grains and meal. The commentary is analytical and has no immediate price shock.
caixinglobal.comDec 10, 2021After 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.
