Loading…
The PBoC strengthened the yuan fixing for an eighth consecutive day, the longest run since 2015. The fix came in slightly stronger than a Bloomberg survey forecast, and the offshore yuan rose after a one-day break.
This is a routine fixing move driven by expectations and currency trading, with no direct supply or demand effect on feed commodities. Impact is minimal.
heisenbergreport.comSep 6, 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.
The eighth consecutive stronger fix early in the week added to appreciation momentum.
