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The yuan rose to a four-month high against the dollar on October 19, 2021. Markets expected property-sector stress and Sino-US tensions to ease.
Coupon payments by several property developers helped calm concerns about China Evergrande's debt.
Easing financial stress in China supports Chinese demand expectations, which is mildly supportive for feed commodities. A stronger yuan lowers the local cost of dollar-denominated imports.
reuters.com19 okt 2021Na 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.
Yuan rallied to a four-month high on Oct 19 as Evergrande contagion fears eased after developers made coupon payments, which is a sentiment-driven inflow that directly lowers CNY per USD.
