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China's yuan strengthened to its highest level since January 2023 against the dollar, reaching 6.6957 per dollar in early trade. The People's Bank of China softened its curb on appreciation ahead of the Trump-Xi leaders' meeting that week.
A stronger yuan can raise Chinese buying power for dollar-priced imports such as soybeans and meal, a modest support for feed prices, though the effect is small.
reuters.comJiaxing LiSep 21, 2026After 362 past bearish macro events, USDCNY 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.
