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China's foreign exchange regulator said on July 22 that the country has the conditions to keep the yuan stable. The yuan was up about 1.7% against the dollar year to date, while businesses expect it to stay steady near term.
Official signals of currency stability reduce the chance of a sharp yuan move that would change Chinese demand for imported feed grains and protein, so the price impact is limited.
reuters.comJul 22, 2025After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.
