Loading…
Dollar-yuan trading volumes have hit record highs as businesses hedge exposure to the US-China trade war. A Singapore-based exchange has launched a new yuan futures contract, and state banks were reported selling dollars to defend the yuan.
Currency volatility from the trade dispute raises costs and uncertainty for buyers of US feed commodities priced in dollars. The story reflects ongoing trade-war stress rather than a new physical flow change.
cnbc.comHuileng TanNov 14, 2018After 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.
