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China is set to name its first new central bank governor in 15 years, as Zhou Xiaochuan, who has led the People's Bank of China since 2002, is expected to retire. The choice is seen as a signal of Beijing's direction for financial reform and the yuan.
A new PBOC head could change the pace of yuan reform, which affects currency volatility and the dollar cost of Chinese feed imports, though the price effect is not immediate.
cnbc.comSophia YanSep 21, 2017After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.
