
China's major state-owned banks were reportedly seen selling US dollars to buy yuan in onshore and offshore spot markets in early Asian trade, according to three sources. The yuan strengthened over 0.6% to a high of 7.1411 per dollar but remains down about 3.5% year-to-date.
State bank intervention to support the yuan signals Beijing's effort to limit depreciation, which can ease pressure on import costs for Chinese feed buyers and moderately affect dollar-denominated soybean and corn demand.
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.