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A former Chinese central bank official warned Beijing to prevent a reversal of hot money flows as the Fed began tapering its bond purchases. Investors fear large capital inflows could reverse and make the yuan more volatile.
Capital flow volatility could move the yuan and affect the dollar cost of Chinese feed imports, though the link to grain prices is indirect.
scmp.comFrank TangNov 3, 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.
