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China's yuan strengthened to a 30-month high against the dollar, with the central bank's reference rate set at 6.2882 per dollar. Foreign investors raised holdings of Chinese bonds by 6.5 percent in January to 1.04 trillion yuan.
A stronger yuan and capital inflows reflect a weaker dollar, which can affect dollar-denominated feed commodity prices and Chinese import purchasing power.
ecns.cnFeb 8, 2018After 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.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), 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.
