
The yuan rose to a more than three-week high against the dollar on August 30 after Federal Reserve Chair Jerome Powell signaled no rush to exit stimulus. The PBOC set its midpoint firmer than the prior fix.
Traders said the gains were driven mainly by a softer dollar and were expected to be short-lived.
A firmer yuan lowers the local-currency cost of dollar-priced imports for China, a modest support for its buying of feed ingredients. The move reflects dollar weakness rather than a fundamental shift in China's 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.