
The yuan rallied as much as 0.5% to 6.8750 per dollar after the People's Bank of China strengthened its daily reference rate by the most since August. The move signaled Beijing's comfort with currency appreciation ahead of the National People's Congress.
A stronger yuan lowers the yuan cost of dollar-priced imports and can make Chinese buyers less aggressive on US commodities at the margin. The effect on feed-ingredient prices is modest and indirect.
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.