The onshore CNY and offshore CNH have strengthened about 3.5% against the dollar since November, with the CNY trade-weighted index up about 1.8% over the same period. Analysts say Beijing may be allowing yuan strength to placate US officials ahead of trade talks.
The currency is expected to stay firm during the talks that week.
A firm yuan tied to trade diplomacy can support Chinese import demand for US farm goods, but the currency move itself has limited direct effect on feed prices.
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.