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The IMF and European governments argue the yuan is undervalued by up to 25%, giving Chinese exporters an unfair edge. Chinese exporters say the yuan's recent gains have cut their profits and orders.
The People's Bank of China responded by raising the foreign currency reserve ratio.
Trade tensions over the yuan could lead to tariffs or other trade measures that affect Chinese import demand for feed ingredients. An undervalued yuan also helps Chinese exporters compete, which affects global trade flows.
mk.co.krNov 15, 2026After 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.
