
Chinese regulators said the foreign exchange market is largely balanced and the yuan could move in either direction. They added that the exchange rate cannot be used to boost exports or offset surging commodity prices, and they vowed to crack down on manipulation.
A firmer yuan makes Chinese imports of feed ingredients cheaper in dollar terms, which can support Chinese buying of soybeans and meal. The signal that Beijing will not allow currency moves to offset commodity costs limits the chance of a weaker yuan supporting import demand.
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.