
The yuan reached a three-year high against the dollar this week and gained 0.93% since Friday's close. Analysts expect the currency to stay strong because the PBOC has not shown concern about its pace and the dollar's weakness looks set to continue.
Liu He and Katherine Tai also held their first call since Biden took office.
A strong yuan with a weak dollar lowers China's cost of dollar-priced commodity imports, which can support demand for grains and oilseeds. The renewed US-China trade talks add some support for purchase commitments.
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.