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The PBoC's daily central parity rate for the yuan strengthened by 149 pips to 7.0066 per dollar on Friday. The yuan can trade up to 2% either side of this fixing each day.
This is routine currency fixing with a small move, so it has little direct effect on feed prices. A firmer yuan slightly lowers the cost of dollar-priced imports for Chinese buyers.
en.xfafinance.comFeb 28, 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.
