
China's yuan eased slightly on Monday after rallying more than 1% against the dollar the prior week. The PBOC scrapped a 20% reserve requirement on FX forward settlement and lifted reserve requirements for offshore yuan deposits.
The official midpoint was set at 6.4997, beyond the 6.5 level for the first time since May 2016.
Easing capital-outflow curbs and the stronger midpoint signal authorities are wary of rapid yuan appreciation. For feed buyers, a firmer yuan can modestly weigh on import costs for Chinese feed demand but the effect on grain prices is limited.
Setelah 50 peristiwa kebijakan bearish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,1% selama 5 sesi (46% lebih tinggi; separuh tengah -0,4% sampai +0,4%), dan -0,0% 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.