
The PBOC and state banks intervened in onshore and offshore yuan markets to support the currency, setting a stronger-than-expected midpoint and selling dollars. Investors expect tension ahead of Donald Trump's January 20 inauguration, given his threats of tariffs and currency-manipulator labeling for China.
Official support for the yuan reduces currency risk for Chinese buyers of US feed ingredients, but tariff threats after the inauguration could disrupt trade flows and feed demand.
Na 362 eerdere neerwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan -0,1% over 5 sessies (42% hoger; middelste helft -0,4% tot +0,1%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
PBOC and state bank intervention on Jan 4, with dollar sales and a stronger-than-expected midpoint, set up the yuan's rebound that carried into Jan 5.