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The yuan touched a new 32-month high against the dollar, reaching 6.9449 per dollar, after Beijing guided its currency higher amid broad greenback selling. The PBOC midpoint was set at 6.9755, still weaker than market projections, which suggests the central bank is allowing only gradual appreciation.
Managed, gradual yuan gains limit the impact on China's import costs, so feed demand effects stay modest. The weaker dollar backdrop is the more important support for dollar-priced feed commodities.
marketscreener.comReutersJan 28, 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.
