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The PBOC central parity rate strengthened 67 pips to 6.9902 per dollar on July 30. The yuan is allowed to trade within 2 percent of the parity each day.
A routine fixing move has little direct effect on agricultural prices, though a firmer yuan marginally eases the cost of dollar-priced imports.
chinadaily.com.cnJul 30, 2020Not 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.
