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The yuan traded flat against the dollar after the PBOC left its one-year and five-year Loan Prime Rates unchanged, as expected. The central bank's quarterly report signaled possible monetary easing to counter downward pressure on the economy.
Signals of Chinese stimulus could support domestic demand for feed and livestock products, but the immediate price impact is limited.
fxdailyreport.comDaffa ZakyNov 22, 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.
