Loading…
The official yuan midpoint opened at 6.8052 per dollar, a reduction of 456 pips from the previous day and the largest single-day strengthening since June 2017. Onshore spot traded near 6.8077 and offshore near 6.80.
Chinese financial press reported that a policy floor appears to be forming and that the chance of the yuan weakening past 7 per dollar is declining.
A stronger yuan lowers the local cost of dollar-priced US feed ingredients for Chinese buyers, which can slightly reduce import demand at the margin. Expectations that the yuan will not weaken past 7 per dollar reduce currency-driven risk for import pricing.
yesdaily.comNov 15, 2026After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
