# China's yuan hits 4-year high versus dollar after Fed decision - Markets - Business Recorder

> 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.

- Date: 2026-10-28 · published 2026-10-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/17254-china-s-yuan-hits-4-year-high-versus-dollar-after-fed-decision-markets-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-08-20 | [China's yuan gets stronger after dollar slumps overnight - Markets - Business Recorder](https://feedsoft.ai/events/18097-china-s-yuan-gets-stronger-after-dollar-slumps-overnight-markets-business.md) | -0.1% | -0.3% |
| USDCNY | 2022-06-16 | [China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder](https://feedsoft.ai/events/41169-china-s-yuan-climbs-to-week-high-after-expected-fed-move-markets-business.md) | -0.2% | +0.7% |
| USDCNY | 2026-08-31 | [China's yuan firms despite dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/18093-china-s-yuan-firms-despite-dollar-rebound-markets-business-recorder.md) | -0.2% | -0.2% |
| USDCNY | 2023-02-02 | [China’s yuan jumps to over 2-week high on Fed’s dovish tilt - Markets - Business Recorder](https://feedsoft.ai/events/37551-china-s-yuan-jumps-to-over-2-week-high-on-fed-s-dovish-tilt-markets-business.md) | +0.7% | +2.5% |
| USDCNY | 2023-07-31 | [China’s yuan inches higher after better-than-expected PMI data - Markets - Business Recorder](https://feedsoft.ai/events/35259-china-s-yuan-inches-higher-after-better-than-expected-pmi-data-markets-business.md) | +0.3% | +2.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40446282
- brecorder.com: https://www.brecorder.com/news/40446476

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.