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China's yuan hit a four-year high against the dollar on Oct 29 after the Federal Reserve held rates steady. The PBOC set its midpoint at 6.7147, weaker than Reuters' estimate, signaling it is managing the pace of appreciation.
A firmer yuan reduces the cost of imports for China and can shift Chinese buying power for feed ingredients; the managed pace limits near-term price impact on feed commodities.
brecorder.comReutersOct 28, 2026brecorder.comReutersOct 29, 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.
