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The PBOC set the yuan midpoint at 7.1534 per dollar on July 1, its strongest since November 2024. The CFETS trade-weighted basket fell to 95.15, its lowest since January 2021, showing the yuan strengthening against the dollar but weakening against a broader basket.
The divergence means China's import costs from non-dollar suppliers are not uniformly lower, so the effect on feed import pricing is mixed and limited.
hrone.comHROne TeamJun 30, 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.
