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The PBOC set its yuan reference rate at 6.6067 per dollar, up from the previous fix of 6.6034. Nomura's model projected the fix at 6.6093.
The routine fixing move has little direct effect on feed commodity prices. It only marks a small change in the yuan's cost for dollar-priced imports.
octaafrica.netDec 1, 2017Not enough comparable past events yet for a historical read.
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.
