
The dollar fell against a basket of major currencies on Tuesday after China set its yuan midpoint up 1%, the largest upward adjustment since 2005. US Senate runoff elections in Georgia also drew attention, and US stocks rebounded.
A weaker dollar and firmer yuan tend to support dollar-denominated commodity prices and risk currencies, which can lift demand sentiment for feed grains and oilseeds.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 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.