China’s yuan exchange rate ‘appropriate’ after recent weakening, central bank chief says

After 42 past neutral policy events, USDCNY moved a median -0.0% over 5 sessions (50% higher; middle half -0.3% to +0.4%), and -0.2% over 20.

• Jan 13, 2023China’s yuan: central bank to boost flexibility of exchange rate to handle ‘shocks’ from overseas monetary policy | South China Morning Post+0.7%
• Jan 1, 2017China tweaks yuan basket to play down US dollar | South China Morning Post-0.1%
• Jun 18, 2021Central bank targets exchange rate stability - Chinadaily.com.cn+0.3%
• Jan 3, 2017China's yuan may see more volatility vs dollar after basket change | Reuters-0.1%
• Jan 22, 2022Yuan exchange rate seen staying stable - Chinadaily.com.cn+0.3%

After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.

• Apr 26, 2021Argentina's central bank blocks bankrupt soy giant from exchange markets | Financial Post+2.0%
• Dec 20, 2024Markets stabilize as Central Bank acts, House OKs spending review+1.8%
• Feb 23, 2022China to release soybeans, soy oil from central reserves to boost supplies+4.3%
• Sep 1, 2019Measures to safeguard exchange rate stability and savers | BCRA-1.4%
• Aug 15, 2019Were southern soybean farmers at top of mind in the design of recent USDA tariff and disaster relief programs?-0.1%