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The yuan recovered all of its earlier losses on September 30, 2022, after Reuters reported that major state banks were told to be ready to support the currency offshore. Traders covered short yuan positions, and the onshore currency was heading for its first weekly gain since mid-August.
The yuan was still down more than 10% for the year.
A firmer yuan eases the cost of Chinese purchases of dollar-priced feed ingredients, but the move is a short-term rebound within a steep yearly decline. Market direction for China's feed demand will depend on whether state support holds after the National Day holiday.
brecorder.comReuters30 de set. de 2022Após 362 eventos baixista de macro passados, Yuan chinês (CNY por USD) subiu em mediana -0,1% em 5 sessões (42% de alta; metade central de -0,4% a +0,1%), e -0,2% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
