Loading…

The yuan slipped as the dollar held near a two-week high, even after the PBOC set its strongest midpoint since February 2023. Weak domestic consumption and investment data kept pressure on the currency.
Weak Chinese domestic demand paired with a firm dollar limits how much the yuan can support import purchases of feed ingredients.
After 169 past neutral macro events, USDCNY moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.