
The yuan posted its largest-ever one-day gain against the dollar in the offshore market, rallying broadly as investors bet the Federal Reserve will slow the pace of its rate hikes. Reports also said Chinese banks were selling dollars to support the currency.
A stronger yuan eases import costs for Chinese feed buyers and can support Chinese demand for soybeans, corn and meal priced in dollars. The move is mainly a currency story, so the effect on feed 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.