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The yuan is gaining strength against the dollar as global banks add China-focused trading staff and yuan options trade more than yen options in London. Analysts cite China's yield advantage over other major economies.
The article questions whether the rally can last without further reform.
Sustained yuan strength would lower the dollar cost of Chinese commodity imports over time. Reversal risk could raise import costs for Chinese feed buyers.
asiatimes.comWilliam PesekFeb 24, 2021After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
