
The yuan has appreciated nearly 2 percent against the dollar in the week, reaching its strongest level since December 2015 onshore. Analysts attributed the rally to bearish dollar sentiment, tighter capital controls and expectations that Beijing will stabilise the currency before the 19th Party Congress.
A stronger yuan lowers the local-currency cost of imported soybeans and other feed inputs, which can support Chinese buying. The gain is driven mainly by currency sentiment rather than a change in feed supply or demand.
在过去 362 次看跌的宏观事件之后,人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 -0.1%(42% 上涨;中间一半区间为 -0.4% 至 +0.1%),20 个交易日内为 -0.2%。
在过去 1,637 次看跌的宏观事件之后,美元(广义) 在 5 个交易日内中位数变动 -0.2%(39% 上涨;中间一半区间为 -0.6% 至 +0.3%),20 个交易日内为 -0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
Attributes the rally to bearish dollar sentiment, tight capital controls and expected stabilization before the Party Congress, which are the demand-side drivers.