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The yuan rose on Monday as the broadly weaker dollar and expectations of policy tightening lifted the currency. The one-year dollar/yuan swap points reached their highest since December 4, 2020.
Trading thinned ahead of the Lunar New Year holiday.
A firmer yuan lowers the dollar cost of Chinese imports of feed ingredients. The move is a routine currency fluctuation with little direct effect on feed prices.
brecorder.comReutersFeb 8, 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.
