
The yuan rose to its highest level in nearly 10 months against the dollar as tensions between the US and China eased. Chinese authorities appear willing to tolerate a stronger currency while the economy remains resilient.
The yuan has gained nearly 4% against the dollar since April.
A firmer yuan lowers the local-currency cost of dollar-priced imports, which can support Chinese buying of feed commodities at the margin. The move signals improved US-China relations, which could ease trade frictions affecting soybean and grain 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.