China holds lending rates steady as it contends with a weakening yuan

After 42 past neutral policy events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (50% higher; middle half -0.3% to +0.4%), and -0.2% over 20.

• Oct 20, 2019China’s yuan exchange rate ‘appropriate’ after recent weakening, central bank chief says | South China Morning Post-0.2%
• May 1, 2024China Ramps Up Yuan Support as Fixing Tops Estimates by Record-0.3%
• Jul 3, 2017China's new yuan factor comes into play when currency weakens | Reuters+0.3%
• Sep 24, 2017China wants to reduce control of changes in yuan's exchange rate - Chinadaily.com.cn+1.0%
• Jan 22, 2022Yuan exchange rate seen staying stable - Chinadaily.com.cn+0.3%

After 26 past neutral policy events, Lean Hogs moved a median -0.9% over 5 sessions (38% higher; middle half -2.6% to +1.7%), and +0.2% over 20.

• Nov 18, 2019China urges regions to speed up pig breeding ahead of Lunar New Year-1.8%
• Dec 28, 2022NDRC in coordination with Chinese farmers to stabilise supply - European Pork | European Pork, the Smart Choice-5.4%
• Oct 11, 2018China mulls cutting protein in animal feed as soybean supply tightens | The Poultry Site-11.6%
• Aug 31, 2026Cattle, Hog Prices Are Still Trapped and Heading Lower. What to Watch Next.-0.1%
• Jan 18, 2022China: Focus on Domestic Production, as Soy, Pork Imports Fell in 2021; Corn Imports Hit Record- Meat Production Surges | Farm Policy News | Illinois+4.5%