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The yuan rose sharply against the dollar in the week to February 22, reaching 6.71 per dollar, its largest weekly gain since January 11. Analysts attributed the move to optimism over US-China trade talks and confidence in the Chinese economy.
A firmer yuan reflects reduced trade-war risk, which can support Chinese import demand for feed ingredients over time.
xinhuanet.comFeb 25, 2019After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
