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A leading Chinese think tank report recommends reducing government control over yuan exchange-rate moves and letting the market play a larger role. It proposes intervening only when the currency moves sharply beyond a benchmark.
A more market-driven yuan would likely increase currency volatility, which affects the cost of dollar-priced grain and feed imports for Chinese buyers.
global.chinadaily.com.cnWang YanfeiSep 24, 2017After 42 past neutral policy events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (50% higher; middle half -0.3% to +0.4%), 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.
