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Traders discussed ways to play the divergence between the yuan and the dollar, which has the yuan at three-year highs while the dollar index sits near 12-month lows. Suggestions included emerging-market local-currency bonds and copper.
The yuan has outperformed the dollar since mid-2020.
The article is trading commentary on currency positioning and does not signal a new cause for feed or commodity prices. A stronger yuan is only a modest support for Chinese commodity import demand.
cnbc.comLizzy GurdusMay 27, 2021Not enough comparable past events yet for a historical read.
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.
