Loading…
The People's Bank of China set the yuan's central parity at 6.7193 per dollar on April 1, a strengthening of 142 basis points. Spot trading is allowed to move up to 2% either side of the parity each day.
The report is an automated daily fixing notice.
A stronger daily fixing modestly lowers the yuan cost of dollar-priced imports. The move is routine and has little direct effect on feed prices.
Not 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.