Loading…
A Reuters poll showed investors raised long bets on the Chinese yuan to their highest since June 2021. Positioning in the Thai baht turned neutral and bearish bets on the Philippine peso reached a high, while the Indian rupee moved to a short.
Bullish yuan positioning points to expected yuan appreciation, which slightly lowers the local-currency cost of dollar-priced imports. The poll is a sentiment indicator with limited direct effect on feed prices.
teletrade.orgJan 27, 2022Not 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.
