
The People's Bank of China and the State Administration of Foreign Exchange issued a joint statement vowing to prevent drastic exchange rate moves and curb one-way speculation. The statement followed the renminbi breaching 7 per dollar, and officials said China's fundamentals remain solid.
The renminbi strengthened after the announcement.
Official commitments to stabilize the yuan reduce the chance of abrupt currency moves that would disrupt dollar-priced feed imports. The policy signal limits downside for the yuan but does not change the broader demand picture.
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.