
China's major state-owned banks were reported buying U.S. dollars around 6.52 yuan on Dec 31, 2020, according to traders. The onshore yuan had opened at 6.5204 per dollar and hit a high of 6.5148, its strongest level since June 2018.
The intervention was seen as an effort to slow the yuan's rally and keep it from breaching a key level.
State dollar buying dampens near-term yuan appreciation, which slightly lifts the CNY-per-USD rate and reduces the pressure on Chinese buyers' import costs for dollar-priced feed. Impact on feed prices is limited.
Na 169 eerdere neutraal macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan +0,0% over 5 sessies (50% hoger; middelste helft -0,3% tot +0,2%), en -0,0% 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.