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China's forex regulator warned residents and companies not to gamble on the yuan's exchange rate. The currency has gained about 9 percent against the dollar over the past year, raising concerns about export impacts.
A firm yuan makes Chinese buyers' dollar-denominated purchases of US farm goods costlier and may weigh on China's import demand for feed ingredients.
scmp.comWendy WuApr 1, 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.
