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The onshore yuan rose for a 10th straight session to 6.8310 per dollar, its strongest level since April 2023. The People's Bank of China set its daily reference rate at 6.9228, strengthening it for a second consecutive session.
A firmer yuan can make Chinese dollar-denominated purchases of US farm goods relatively cheaper, which may support Chinese demand for US feed ingredients, though the effect on grain prices is modest.
bloomberg.comBloomberg NewsMar 1, 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.
