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The yuan reached its firmest level in 3-1/2 years after the dollar slumped overnight. The PBOC set its reference rate well weaker than the Reuters estimate to slow the pace of appreciation.
A stronger yuan against the dollar lowers the yuan cost of US imports, but the PBOC's guidance limits how much this changes China's feed demand.
brecorder.comReutersAug 20, 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.
