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

> 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.

- Date: 2026-10-12 · published 2026-10-12T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/17258-yuan-holds-near-3-1-2-year-high-against-dollar-as-rate-bets-ease-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## 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.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -0.5% |
| USDCNY | 2023-11-20 | [Australian dollar hits 3-month high, draws extra boost from firm yuan - Markets - Business Recorder](https://feedsoft.ai/events/33409-australian-dollar-hits-3-month-high-draws-extra-boost-from-firm-yuan-markets.md) | -0.8% | -1.1% |
| USDCNY | 2020-07-31 | [Yuan closes trade at 4-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/52323-yuan-closes-trade-at-4-1-2-month-high-markets-business-recorder.md) | -0.8% | -1.6% |
| USDCNY | 2025-10-28 | [Yuan hits 1-year high on upbeat stocks, trade deal hopes - Markets - Business Recorder](https://feedsoft.ai/events/22633-yuan-hits-1-year-high-on-upbeat-stocks-trade-deal-hopes-markets-business.md) | +0.2% | -0.4% |
| USDCNY | 2021-01-21 | [Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder](https://feedsoft.ai/events/49362-yuan-rises-to-1-week-high-on-weaker-dollar-tighter-cash-conditions-markets.md) | +0.1% | +0.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40443785

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