◂ Event Timeline

Nov 2, 2026MACROChina

Yuan hovers near 4-year high as US midterms, Chinese regulator meeting in focus

The Chinese yuan traded near its strongest level in more than four years ahead of the US midterm elections and a Chinese regulatory meeting. The article provides little further detail on the drivers.

WHY IT MATTERS

A firmer yuan modestly raises China's dollar-denominated purchasing power for imported feed ingredients, but the direct effect on feed prices is small.

AFFECTSChinese Yuan (CNY per USD)▼

3 SOURCES
brecorder.comReutersNov 2, 2026
marketscreener.comReutersNov 2, 2026
tradingview.comNov 2, 2026

Price reaction & history

Chinese Yuan (CNY per USD)▼bearish

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.

Aug 6, 2019Forex markets: Chinese yuan in focus+0.1%
May 25, 2026China's yuan advances to 3-year high as investors weigh prospects of US-Iran deal - Markets - Business Recorder-0.4%
Feb 26, 2026Chinese Yuan Breaks Past 6.84 to US Dollar, Hitting Nearly Three-Year High+0.4%
Oct 26, 2026China’s yuan climbs to fresh 4-year high ahead of key policy meetings By Reuters-0.2%
Oct 12, 2026Yuan holds near 3-1/2-year high against dollar as rate bets ease - Markets - Business Recorder-0.2%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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