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The PBOC set the yuan fixing at 6.7894 on Friday, much weaker than Bloomberg survey estimates, signaling it wants slower gains. Month-end dollar selling and state bank dollar bids slowed the appreciation.
The fixing signals a cap on yuan appreciation, which limits any change in China's import purchasing costs for US feed commodities.
financialpost.comBloomberg NewsJul 31, 2026After 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.
