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The yuan rose against major currencies after May data showed stronger retail sales and new home prices, with USD/CNY falling about 0.35% to 6.89. Industrial output and fixed asset investment were softer than expected.
A firmer yuan on domestic consumption data signals steadier Chinese import capacity, but the move is routine currency commentary with limited direct impact on feed commodity prices.
tradersasset.comAndrew WrightJun 19, 2019Not 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.
Yuan strengthened (USD/CNY down to about 6.89) on optimism about a Xi-Trump meeting and better retail sales and home price data, directly matching the fall in CNY per USD.
