Xinhua reported that the yuan closed 2017 at 6.5120 per dollar, up 6.72% for the year and its sharpest annual gain in nine years. It attributed the strength to a softer dollar, a robust Chinese economy, tighter regulation and growing global use of the currency.
A stronger yuan lowers the local cost of dollar-priced imports such as soybeans and meal, which can support Chinese demand. Analysts expect the currency to hold steady against a basket in 2018, so the feed price impact should stay limited.
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.