
The yuan rose to a more than three-week high against the dollar on August 30 after Federal Reserve Chair Jerome Powell signaled no rush to exit stimulus. The PBOC set its midpoint firmer than the prior fix.
Traders said the gains were driven mainly by a softer dollar and were expected to be short-lived.
A firmer yuan lowers the local-currency cost of dollar-priced imports for China, a modest support for its buying of feed ingredients. The move reflects dollar weakness rather than a fundamental shift in China's 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.