
China's central bank changed the regime used to manage the yuan, effectively removing a component banks use when submitting quotes for the daily reference rate. The change was reported by people familiar with the matter.
The yuan had recently jumped against the dollar.
The change gives the market more influence over the yuan, which could bring a weaker currency at times and raise the yuan price of dollar-denominated feed imports. Its effect on feed demand depends on how far the currency moves.
Setelah 398 peristiwa makro bullish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median +0,0% selama 5 sesi (56% lebih tinggi; separuh tengah -0,3% sampai +0,5%), 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.