Loading…

The yuan's central parity rate rose to 6.7156 per US dollar, ending a three-day decline. The fixing was 24 points stronger than the previous day but about 370 points weaker than external forecasts.
The fixing signals official tolerance for a stronger yuan, which slightly supports Chinese purchasing power for dollar-priced feed imports, though the weaker-than-expected fix limits the impact.
After 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.
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.