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The Bank of Finland's weekly review says the yuan's exchange rate has changed little since August despite the tariff announcements. The onshore rate can diverge up to 2% from the daily fixing, and the yuan ended October 2% weaker than at the start of the year.
Stable yuan levels reduce currency-driven swings in Chinese feed purchasing costs. The review points to trade talks as the main pending driver.
bofit.fiBOFITNov 1, 2019After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
