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The yuan slipped on July 30 as the PBoC injected 7.15 billion dollars of liquidity through seven-day reverse repos at 2.2%. The central bank also extended policy support into the second half of 2020.
Liquidity injections signal ample financing conditions in China, supporting feed demand from its livestock sector, though the direct effect on grain prices is limited.
fxdailyreport.comDaffa ZakyJul 30, 2020After 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.
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.
