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China's yuan slipped to a near three-week low against the dollar on Friday and was heading for a second straight weekly loss. Safe-haven demand for the dollar intensified as the Middle East conflict continued, and Brent crude rose past $105 a barrel.
The PBOC set its midpoint at 6.9141, the weakest fix since March 9.
Yuan weakness alongside a surge in crude raises China's effective cost of energy and grain imports, which can weigh on its purchasing. Stronger dollar conditions also pressure US export competitiveness for feed commodities.
thestar.com.myThe Star OnlineMar 27, 2026After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), 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.
