
The People's Bank of China injected 400 billion yuan into the banking system via reverse repos, the largest single-day addition since January 2019. It also set the yuan reference rate at 6.9779 per dollar, stronger than the prior close, as authorities sought to steady markets hit by the coronavirus outbreak.
Stronger yuan fixings and liquidity injections signal Chinese efforts to support growth and sentiment, which can support Chinese feed demand. A firmer yuan modestly supports import purchasing power for feed ingredients.
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.