The yuan closed at a two-week high of 6.5684 per dollar on Dec 2, 2020, as the dollar hovered near a 2.5-year low. Gains were capped after President-elect Biden said he would not immediately cancel the Phase 1 trade deal or remove tariffs on Chinese goods.
The PBOC lifted its midpoint rate by the most in nearly a month.
Signals that the Phase 1 purchase commitments and tariffs will stay in place support expectations for continued US farm export flows to China. A weaker dollar also makes dollar-priced grains cheaper for Chinese buyers.
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.