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China Daily says the Fed's decision to hold rates at 3.75-4.00% gives China room to keep its moderately accommodative monetary policy. It notes that the renminbi has become less correlated with US rates and the dollar index.
The article also points to China's trade surplus and exporter FX settlement as supports for the currency.
Less yuan sensitivity to US rate moves reduces the currency channel through which US policy affects Chinese demand for imported grains and meal. Stable yuan conditions support steady purchasing.
global.chinadaily.com.cnJiang Xueqing, Zhou LanxuNov 1, 2026global.chinadaily.com.cnJiang Xueqing, Zhou LanxuNov 1, 2026After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), 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.
