
The yuan has appreciated nearly 2 percent against the dollar in the week, reaching its strongest level since December 2015 onshore. Analysts attributed the rally to bearish dollar sentiment, tighter capital controls and expectations that Beijing will stabilise the currency before the 19th Party Congress.
A stronger yuan lowers the local-currency cost of imported soybeans and other feed inputs, which can support Chinese buying. The gain is driven mainly by currency sentiment rather than a change in feed supply or demand.
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.
Attributes the rally to bearish dollar sentiment, tight capital controls and expected stabilization before the Party Congress, which are the demand-side drivers.