Loading…
The PBOC's official Financial News called for widening the renminbi's plus or minus 2 percent trading band and reducing government intervention in the currency market. The band was last widened in March 2014 from 1 percent.
Greater currency flexibility signals potential future yuan volatility that could alter the relative cost of imported feed inputs in China.
en.people.cnF_200803Jul 12, 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.
