
The US Treasury urged China to let the yuan appreciate in a timely and orderly manner, calling it substantially undervalued and criticising a lack of transparency in its exchange-rate policy. Washington stopped short of labelling China a currency manipulator but said it could do so later.
Pressure for yuan appreciation could gradually lower China's import costs for dollar-priced commodities, though the report itself does not change trade flows. The implications for feed prices are indirect.
Setelah 50 peristiwa kebijakan bearish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,1% selama 5 sesi (46% lebih tinggi; separuh tengah -0,4% sampai +0,4%), dan -0,0% 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.