
The yuan strengthened against the dollar on Monday after the People's Bank of China set its daily reference rate stronger than the prior Friday. Onshore yuan traded around 6.5780 per dollar and offshore yuan around 6.5845.
Dealers may trade up to 2% either side of the fixing.
A stronger yuan lowers the cost of dollar-denominated imports for China, including feed inputs, but the move is small and driven by central bank management rather than a shift in trade flows.
Setelah 362 peristiwa makro bearish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,1% selama 5 sesi (42% lebih tinggi; separuh tengah -0,4% sampai +0,1%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.