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China's central bank adjusted the methodology it uses to set the yuan's daily fixing to keep the currency market stable. The article text is truncated and provides little further detail.
A managed yuan path affects Chinese import purchasing power for US soybeans and feed ingredients, so currency stabilization can support demand for dollar-priced feed commodities.
reuters.comAug 24, 2018After 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.
