
The yuan strengthened against the dollar after the PBOC set a firmer-than-expected daily midpoint and China's sovereign fund pledged more support for stock markets. The midpoint was 7.1082 per dollar, slightly weaker than the previous fix but still firmer than market estimates.
A firmer yuan supports Chinese purchasing power for imported feed ingredients, but the move is small and driven by official management rather than fundamentals. It has little direct effect on grain or meal prices.
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.