
The yuan edged higher against a firmer dollar on August 11 as persistent heavy demand for the currency from corporate conversion and bank accounts dominated trade. The PBOC set its midpoint slightly firmer.
Traders expected the yuan to trade sideways ahead of the Jackson Hole symposium.
Stable to firmer yuan levels have only a small effect on China's dollar-denominated feed import costs. Price impact is limited because the move was small and driven by flows.
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.