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USD/CNH traded near 6.9915 and was on track for a sixth straight weekly decline. Support came from a PBOC move to the Loan Prime Rate benchmark and a higher official USD/CNY fix, while investors awaited China's December PMI data.
A firmer yuan makes dollar-priced grain and meal imports cheaper for Chinese buyers, which can support US export demand. Trade-deal headlines remain the main swing factor.
forexcrunch.comFX StreetDec 30, 2019Not 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.
