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The PBOC allocated 200 billion yuan, about $28 billion, through its medium-term lending facility at 2.95% on June 17 to avoid a credit crunch. Analysts said the move was widely anticipated, though slightly more cautious than projected.
Liquidity injections are a monetary policy matter with no direct link to grain or feed supply and demand, so the commodity price impact is minimal.
fxdailyreport.comDaffa ZakyJun 17, 2020After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.
