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Analysis argues the yuan will struggle to rally further after China guided it stronger on a day when Asian stocks rose following a new US-Mexico trade agreement. Swings in the fix are shown against the dollar.
Limited yuan strength means Chinese import costs for US feed remain elevated, which keeps buyers cautious on dollar-priced soybeans and meal.
wsj.comSaumya VaishampayanAug 28, 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.
