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Net foreign purchases of Chinese bonds reached 69.9 billion yuan (about $9.9 billion) in November, up from 10.8 billion yuan in October. The increase followed a period of yuan stability against the dollar, and foreign inflows have now run for nine consecutive months.
Capital inflows that support the yuan can ease pressure on Chinese importers and their demand for feed inputs. The effect on commodity prices is indirect.
scmp.comReutersDec 12, 2019After 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.
