Loading…
The onshore yuan rose as much as 0.5% to 6.8287 per dollar, its strongest level since March 2023, after a two-week US-Iran ceasefire eased geopolitical tensions. The offshore yuan reached 6.8268, close to its February three-year high.
The ceasefire boosted risk sentiment and weighed on the dollar.
Easing Middle East tensions reduce energy-supply worries for Asian importers, which lowers pressure on dollar-denominated commodity purchases. The effect on feed prices is limited because the move is a currency reaction.
bloomberg.comBloomberg.comMay 1, 2026After 10 past bearish geopolitics events, Chinese Yuan (CNY per USD) moved a median -0.3% over 5 sessions (40% higher; middle half -0.5% to +0.2%), and -0.8% 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.
