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China's central bank set the yuan's central parity rate 90 basis points stronger at 6.6397 per US dollar on Tuesday, October 31. The fixing is published daily by the China Foreign Exchange Trade System and sets the band for spot trading.
A firmer yuan modestly eases the cost of dollar-priced imports for China, which is a major buyer of soybeans, meal and corn. The effect on feed grain prices is small and routine.
xinhuanet.comOct 31, 2017After 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.
