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The yuan strengthened to its highest level in more than five months after the US Treasury dropped China from its currency manipulator list. The central bank's daily reference rate rose to 6.8954 per dollar, its strongest since August.
A firmer yuan supports Chinese import capacity for US agricultural goods under the trade deal, a modestly supportive factor for US soybean and corn prices.
cnn.comLaura HeJan 14, 2020After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
