
China began rolling back measures that had propped up the yuan, scrapping a 20 percent reserve requirement on yuan forward trades and removing a reserve requirement on yuan deposits for foreign banks. The yuan has risen 6.7 percent against the dollar this year, reversing last year's losses.
Easing these curbs makes it cheaper to buy dollars and sell yuan, which may limit further yuan gains and affect the cost of dollar-priced grain imports. The change is a currency policy adjustment with limited direct effect on feed prices.
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.
Scrapping the 20% FX forward reserve requirement on 2017-09-11 removed a measure that had propped up the yuan, a same-day policy change that plausibly contributed to the sharp currency move.