
Economists said the PBOC intends to keep the renminbi stable against a basket of major currencies as the currency's appreciation against the dollar loses momentum. The central bank recently raised the reserve requirement on foreign currency deposits to reduce foreign exchange supply.
Stable yuan policy reduces the chance of abrupt currency swings that would disrupt the dollar cost of Chinese feed imports. Feed prices are unlikely to move on this news alone.
Setelah 42 peristiwa kebijakan netral sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -0,3% sampai +0,4%), 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.