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A deputy governor of the People's Bank of China said on October 18 that the yuan's recent stability is decided by market forces and that the central bank has largely ended daily intervention in the foreign exchange market. He said the currency should be more stable after the 19th Party Congress.
Less state management of the yuan means more exchange-rate volatility, which can change the cost of Chinese imports of feed ingredients priced in dollars. The signal is modest for near-term feed prices.
scmp.comLiu Zhen18 okt 2017Na 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.
