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Chinese PMIs for manufacturing and non-manufacturing fell below 50 in October, and construction new orders dropped near record lows. USD/CNY slipped below 6.65, the yuan's strongest level against the dollar in more than four years, continuing a managed appreciation of about 0.7% in October.
Weak Chinese activity data points to softer domestic demand for feed, while a firmer yuan trims the local cost of dollar-priced imports such as soybeans and meal.
fxstreet.comFXStreet Insights TeamNov 2, 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.
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.
