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The yuan is on pace for its strongest month against the dollar since 2008, bucking a broader dollar strengthening in late September. Foreign investors have increased Chinese stock and bond purchases, with 10-year government yields topping 3%.
Capital inflows and a firmer yuan lower China's dollar-based import costs, supporting feed demand, though the direct effect on grain prices is limited.
axios.comDion RabouinSep 29, 2020After 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.
