Loading…

China’s central parity rate for the yuan strengthened 21 pips to 6.7167 per U.S. dollar on Tuesday. The country’s spot market allows the yuan to trade within a 2% band around the daily parity rate.
A stronger yuan reduces the local-currency cost of dollar-denominated imports, although this fixing’s move was small and no particular feed commodity is implicated.
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.