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The onshore yuan strengthened to 6.7550 per dollar, its highest since February 2023, after the dollar weakened. The People's Bank of China set the daily fixing at 6.7892.
A firmer yuan lowers the cost of yuan-denominated Chinese import purchases and tracks softer dollar strength, a modest supportive backdrop for dollar-priced feed commodities.
bloomberg.comJulia ZhongJul 30, 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.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), 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.
