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The offshore yuan traded near 7.118 per dollar, close to its strongest level since Trump's election win in November 2024. Goldman Sachs views an appreciation bias in the PBOC fixing as a goodwill gesture amid trade talks with Washington.
Economists expect the yuan to reach 7 per dollar by year-end, while its weakening against other major currencies is raising trade-friction concerns.
Continued yuan appreciation would gradually reduce the cost of dollar-denominated commodity imports for China. The trade-friction angle matters for feed buyers because it could affect the pace of US agricultural purchases.
cnbc.comAnniek BaoSep 16, 2025After 362 past bearish macro events, USDCNY 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.
