
The yuan strengthened to the 7-per-dollar level in the onshore market for the first time since 2023, rising as much as 0.2% to 6.9900. Major Chinese banks increased dollar purchases after the move, and several forecasters expect further gains into 2026.
A stronger yuan makes dollar-denominated commodity imports cheaper for China, which can support demand at the margin. Gradual gains limit the effect on feed prices.
After 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.