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Chinese brokerages have stopped publishing yuan forecasts after regulators pressured them to avoid market forecasts and banned publication of commodity prices. The yuan has held near 6.45 per dollar since June, with some signs of official discomfort about its strength.
Regulatory limits on published commodity prices reduce market transparency for buyers in China, which can increase price uncertainty for feed imports.
reuters.comSep 15, 2021After 138 past policy events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (47% higher; middle half -0.4% to +0.4%), and -0.1% 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.
