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The yuan rallied to a seven-month high against the dollar on the last trading day of 2023, after expectations of Federal Reserve easing. The currency still posted a 6.14% annual loss, its second consecutive yearly decline.
The PBOC set its midpoint at a seven-month high.
A stronger yuan lowers the cost of dollar-priced imports for China, modestly supporting its feed purchasing power. The move is a currency story with limited direct effect on feed prices.
financebrokerage.comEmma Bonnet29 Des 2023Setelah 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.
The yuan's rally to a seven-month high on Dec 29 on Fed easing expectations and a stronger PBOC fixing set the immediate currency momentum leading into the Jan 2 move, though the timing of this 0.60% move differs slightly.
