Economist Yu Yongding told MNI that the yuan will mainly face pressure to appreciate against the dollar and that the PBOC should allow more flexibility. He argued the current exchange rate is broadly aligned with fundamentals.
Expected yuan appreciation could make Chinese imports somewhat cheaper, but this is an expert view rather than a policy change, so the price effect on feed markets is small.
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.