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The yuan rallied to a seven-month high against the dollar on the last trading day of 2023, after expectations of Federal Reserve easing. The currency still posted a 6.14% annual loss, its second consecutive yearly decline.
The PBOC set its midpoint at a seven-month high.
A stronger yuan lowers the cost of dollar-priced imports for China, modestly supporting its feed purchasing power. The move is a currency story with limited direct effect on feed prices.
financebrokerage.comEmma Bonnet2023/12/29過去の弱気なマクロイベント362件の後、中国人民元(1 USDあたりCNY) は5営業日で中央値 -0.1% 動き（42% が上昇。中央50%は -0.4% から +0.1%）、20営業日では -0.2% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
The yuan's rally to a seven-month high on Dec 29 on Fed easing expectations and a stronger PBOC fixing set the immediate currency momentum leading into the Jan 2 move, though the timing of this 0.60% move differs slightly.
