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The PBOC pledged to expand the cross-border use of the yuan and develop offshore yuan markets after its 2025 macroprudential work conference. The move comes as a strong US dollar pressures global currencies and Trump threatens tariffs on BRICS members.
The central bank also signaled it may adjust the daily yuan fixing to resist depreciation.
Policy steps to support the yuan can stabilize Chinese import demand for dollar-priced feed commodities. The direct price effect on grains and meal is limited.
scmp.comSylvia MaFeb 21, 2025After 50 past bearish policy events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (46% higher; middle half -0.4% to +0.4%), and -0.0% 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.
