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Commentary notes that the dollar index and the yuan both rose in 2026, a rare pattern. The yuan had gained 4.1% against the dollar by late September, and the 10-year US-China yield spread reached 350 basis points.
A yuan that is decoupling from US rate moves reduces the usual pressure on Chinese import demand from dollar strength, which matters for dollar-priced feed purchases.
caixinglobal.comCheng Shi, Xu JieSep 28, 2026After 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.
