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China’s foreign exchange trading center published the November 11 reference rates for the yuan against major currencies. The published rate was 671.91 yuan per 100 U.S. dollars.
The reference rates provide a benchmark for currency conversion, but the report describes rates rather than a new supply or demand driver for agricultural commodities.
Not 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.
