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The PBOC set the yuan's central parity rate at 7.0808 per US dollar, weakening it by 253 pips on June 29, 2020. The yuan may trade within 2 percent of the central parity rate each day.
A weaker yuan modestly makes US farm imports pricier for Chinese buyers, a minor headwind for US feed and grain demand, though the move is small and routine.
en.xfafinance.comJun 29, 2020en.xfafinance.comJun 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.
