Loading…
Xinhua reports the yuan's central parity rate strengthened 145 pips to 7.0617 against the dollar on October 29. The yuan is allowed to move 2% either side of the central parity each trading day.
A stronger yuan lowers the local cost of dollar-priced commodities, which can modestly support Chinese buying of US soybeans and corn. The effect on prices is limited because this is a routine fixing.
en.xfafinance.comOct 29, 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.
