Loading…
China's foreign exchange regulator told businesses to prepare for more yuan volatility. One-year implied volatility has risen to 5%, versus under 2% in previous years, after the yuan strengthened to levels not seen since July 2018.
Officials signalling greater exchange-rate flexibility raise hedging costs for importers of US feed commodities. Larger currency swings could make Chinese buyers more cautious on purchases.
cnbc.comEvelyn ChengOct 23, 2020After 42 past neutral policy events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (50% higher; middle half -0.3% to +0.4%), 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.
