◂ Event Timeline

Oct 12, 2026MACROChina

Yuan holds near 3-1/2-year high against dollar as rate bets ease - Markets

China's yuan held near a 3.5-year high against the dollar on Oct 12, supported by lower expectations of a US rate hike. Analysts flagged trade tensions and a widening yield gap as limits on further gains.

WHY IT MATTERS

Currency moves like this are routine for the feed sector, with the main read-across being slightly cheaper Chinese imports of feed ingredients.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
brecorder.comReutersOct 12, 2026

Price reaction & history

Chinese Yuan (CNY per USD)▼bearishSO FAR1d +0.0%5d -0.2%20d —

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.

Jul 31, 2026Yuan rises to 1-1/2-month high - Markets - Business Recorder-0.1%
Nov 20, 2023Australian dollar hits 3-month high, draws extra boost from firm yuan - Markets - Business Recorder-0.8%
Jul 31, 2020Yuan closes trade at 4-1/2-month high - Markets - Business Recorder-0.8%
Oct 28, 2025Yuan hits 1-year high on upbeat stocks, trade deal hopes - Markets - Business Recorder+0.2%
Jan 21, 2021Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder+0.1%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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