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The Chinese yuan reached a 32-month high against the US dollar, peaking at 6.9449 per dollar, its strongest since May 2023. The move followed a sharp overnight drop in the dollar, with seasonal exporter currency settlements also cited as a factor.
A firmer yuan and weaker dollar make dollar-priced imports such as soybeans and meal cheaper for Chinese buyers, which can support US feed commodity prices at the margin.
miraitalk.comNeely LednerNov 1, 2026After 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.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), 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.
