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China's central bank set the yuan midpoint at 6.2764 per dollar, the strongest level since August 2015. The yuan posted its biggest quarterly gain in a decade on capital inflows and trade-tension expectations.
A stronger yuan lowers the local-currency cost of US imports but squeezes Chinese exporters, which can weigh on demand for feed-linked goods and shift trade flows.
babypips.comReutersApr 2, 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.
