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The yuan posted its largest-ever one-day gain against the dollar in the offshore market, rallying broadly as investors bet the Federal Reserve will slow the pace of its rate hikes. Reports also said Chinese banks were selling dollars to support the currency.
A stronger yuan eases import costs for Chinese feed buyers and can support Chinese demand for soybeans, corn and meal priced in dollars. The move is mainly a currency story, so the effect on feed prices is modest.
bloomberg.comBloomberg News26 okt 2022Na 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.
