
China began rolling back measures that had propped up the yuan, scrapping a 20 percent reserve requirement on yuan forward trades and removing a reserve requirement on yuan deposits for foreign banks. The yuan has risen 6.7 percent against the dollar this year, reversing last year's losses.
Easing these curbs makes it cheaper to buy dollars and sell yuan, which may limit further yuan gains and affect the cost of dollar-priced grain imports. The change is a currency policy adjustment with limited direct effect on feed prices.
Após 42 eventos neutro de política passados, Yuan chinês (CNY por USD) subiu em mediana -0,0% em 5 sessões (50% de alta; metade central de -0,3% a +0,4%), 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.
Scrapping the 20% FX forward reserve requirement on 2017-09-11 removed a measure that had propped up the yuan, a same-day policy change that plausibly contributed to the sharp currency move.