Loading…
The yuan was fixed at 6.5641 per dollar on March 30, its weakest in four months, as the US economy showed signs of recovery. Analysts expect the dollar to stay strong while the euro zone struggles with a COVID resurgence.
A strong dollar against the yuan reduces China's effective purchasing power for dollar-priced imports, a mild bearish factor for feed demand.
asiafinancial.comChris GillMar 30, 2021After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
