The yuan posted a strong start to 2018, rising 3.1% against the dollar in January, over half of its 5.81% gain for all of 2017. The central parity rate hit 6.3267 on January 29, its strongest level since November 2015.
The dollar index fell more than 3% year to date, and Treasury Secretary Mnuchin's remarks that a weaker dollar would help trade added to the move.
A firmer yuan and weaker dollar lower the cost of dollar-priced feed imports into China on the margin, while a softer dollar generally supports dollar-priced grain and oilseed prices. Currency moves like this shift the relative competitiveness of Chinese and foreign feed supply.
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.
Setelah 1.637 peristiwa makro bearish sebelumnya, Dolar AS (Luas) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -0,6% sampai +0,3%), 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.