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The yuan eased against the dollar on June 29 but traded within a very tight range as investors waited for key US jobs data and the Communist Party's anniversary. The PBOC set its midpoint at a one-week high, and officials signaled a flexible, targeted monetary stance.
Low currency volatility and stable Chinese monetary policy give little direct signal for feed grain or meal demand from China.
brecorder.comReutersJun 29, 2021After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), 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.
