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The PBOC set the yuan midpoint at 6.8792 per dollar on April 20, versus the previous close of 6.8664. The central bank allows the dollar/yuan rate to move within 2% of the central parity.
Traders watch 7 per dollar as a key level.
A weaker fixing is a routine currency move with little direct effect on feed commodity demand. It is a minor input for importers' cost of US goods.
fxbangladesh.comFx BangladeshApr 20, 2017Not 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.
