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The yuan firmed toward 6.7047 per dollar and was on track for a seventh straight quarterly gain. Exporters sold dollars ahead of the week-long National Day holiday, and the PBOC set its midpoint at 6.7351.
Yuan appreciation driven by export settlement flows signals firm Chinese import capacity, which marginally supports demand for dollar-priced feed ingredients.
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.
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.