
The central bank reduced the effect of a counter-cyclical factor, introduced in May to limit volatility, in the yuan's daily calculation. The yuan initially fell when the change was reported on Tuesday.
The move makes the currency more responsive to market forces.
A weaker yuan makes Chinese exports more competitive and raises the yuan cost of dollar-priced imports such as feed grains and soymeal, which could slightly reduce Chinese import demand. The effect on feed prices is modest but worth tracking.
Na 398 eerdere opwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan +0,0% over 5 sessies (56% hoger; middelste helft -0,3% tot +0,5%), 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.