
The onshore yuan closed at 6.6707 per dollar on November 13, gaining 18 basis points on the day and 78 basis points for the week. The PBOC's Q3 monetary policy report pledged to keep the yuan basically stable at a reasonable equilibrium level.
A firmer yuan modestly lowers the local cost of dollar-priced feed imports such as soybeans and corn, but the move is small and has little direct effect on feed prices.
After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.