China's yuan climbed to a fresh four-year high against the dollar on Oct 26, extending its winning streak as softer oil prices and Treasury yields weighed on the greenback. The PBOC midpoint was 6.7162, weaker than a Reuters estimate.
A softer dollar and firmer yuan lower China's import costs at the margin, though the PBOC's managed pace limits the effect on feed prices.
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.
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.
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.