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The yuan rose about 1% on Aug 27 to a four-week high near 6.81 per dollar after the PBOC reintroduced a fixing measure to support the currency. The move drew criticism as market tampering.
A stronger yuan lowers the local-currency cost of US feed and oilseed imports, which can support Chinese demand for these commodities.
asia.nikkei.comYUSHO CHO, Nikkei staff writerAug 27, 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.
