Loading…
China's central bank set the yuan fixing below 7 per dollar for the first time since mid-2023, citing market concern over dollar assets. The move followed US President Trump's threats to impose tariffs on eight European countries over Greenland.
Geopolitical tension is weakening confidence in dollar assets, which supports a firmer yuan and lowers China's import costs for dollar-priced commodities. The effect on ag prices is indirect.
scmp.comSylvia MaJan 23, 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.
