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The PBoC set the yuan fixing weaker than the consensus forecast after the offshore yuan had extended a record 14-day winning streak. The offshore yuan snapped its streak before partially recovering and then drifting lower.
Caixin services and composite PMIs for August were reported stronger.
The story reflects routine fixing-versus-expectations dynamics with no new fundamental cause for feed markets. Price impact on agricultural commodities is minimal.
heisenbergreport.comSep 5, 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.
