
Chinese banks are cutting interest rates on US dollar deposits after being asked to do so by the central bank. Sources say the aim is to curb dollar hoarding and support a weakening yuan.
The report is based on sources and is not an official announcement.
Currency-defense measures like this signal Beijing's effort to stabilize the yuan, which supports Chinese import demand for dollar-priced commodities. The direct effect on feed prices is small.
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.