
The yuan has risen about 8.5% against the dollar since late May 2020, reaching its strongest level in nearly two and a half years. Analysts have raised concerns that the rapid gain could hurt exporters.
Survey data showed more export firms reporting exchange-rate effects in November.
A stronger yuan lowers the local cost of dollar-priced imports such as soybeans and corn, which can support Chinese import demand, but it also weighs on export-oriented manufacturing. The effect on feed commodity prices is indirect.
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.