
The yuan surged to a near seven-month high against the dollar, strengthening through 6.8 per dollar for the first time since November. The People's Bank of China pushed the reference rate up 0.8%, its second largest one-day appreciation since 2005.
Traders attributed the move to a show of strength after the Moody's downgrade or a planned fixing mechanism change.
A firmer yuan signals that Beijing will resist depreciation, which supports Chinese import purchasing power for feed commodities. The central bank's intervention also reduces near-term currency risk for dollar-denominated feed trade.
在过去 50 次看跌的政策事件之后,人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 -0.1%(46% 上涨;中间一半区间为 -0.4% 至 +0.4%),20 个交易日内为 -0.0%。
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。
The PBOC set a reference rate 0.8% stronger, its second largest one-day appreciation since 2005, directly moving the yuan through 6.8 per dollar.