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The yuan edged higher in thin trade as investors waited for the Federal Reserve's policy decision. The dollar held near a one-month high against a basket of currencies.
Pre-Fed positioning in the yuan and dollar is routine and does not change the underlying feed supply or demand balance. Prices are likely to be driven by the Fed outcome rather than this session.
brecorder.comReutersJun 16, 2021Not enough comparable past events yet for a historical read.
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.
