
The yuan surged to a near seven-month high against the dollar, strengthening through 6.8 per dollar for the first time since November. The People's Bank of China pushed the reference rate up 0.8%, its second largest one-day appreciation since 2005.
Traders attributed the move to a show of strength after the Moody's downgrade or a planned fixing mechanism change.
A firmer yuan signals that Beijing will resist depreciation, which supports Chinese import purchasing power for feed commodities. The central bank's intervention also reduces near-term currency risk for dollar-denominated feed trade.
過去の弱気な政策イベント50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(46% が上昇。中央50%は -0.4% から +0.4%)、20営業日では -0.0% 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 PBOC set a reference rate 0.8% stronger, its second largest one-day appreciation since 2005, directly moving the yuan through 6.8 per dollar.