
China's yuan hovered near a five-month high against the dollar, as investors awaited U.S. inflation data. Border reopening optimism and seasonal demand supported the currency.
Traders said the Fed's tightening path would be a key driver going forward.
A firmer yuan lowers the cost of dollar-priced imports for China, which can support Chinese demand for feed inputs such as soybeans and corn at the margin. The effect on grain prices is modest.
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.