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The yuan breached the 7 per dollar level for the second time this year, with the onshore currency closing at 6.9453. The central parity was fixed at 6.9755 after a 103-pip gain, driven by a weaker US dollar and seasonal FX settlement demand from exporters.
Exporter FX settlement and a weaker dollar are pushing the yuan higher, which lowers China's dollar-denominated import costs. This can modestly support Chinese demand for US ag products.
yicaiglobal.comDu ChuanJan 29, 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.
