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The yuan fixing has drawn attention after a set of weaker-than-expected official midpoint fixings last week. A forecaster's model based on overnight exchange-rate moves is being used to gauge where the People's Bank of China wants the currency.
Signals that Beijing may be leaning against the yuan's rapid gains, which can affect Chinese import purchasing power and the dollar-yuan exchange rate used in feed trade.
bloomberg.comBloomberg NewsSep 19, 2017After 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.
