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China's central bank set its yuan daily reference rate at a fresh high since September, signalling tacit acceptance of further appreciation. The onshore yuan then traded at its strongest level in the tightly controlled market after breaching the 7-per-dollar mark.
A firmer yuan makes imports cheaper for China's buyers and can support demand for feed inputs, but it also squeezes exporters' margins. The effect on grain and feed prices is modest.
bloomberg.comBloomberg.comJan 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.
