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The yuan closed at 6.6458 per dollar, its strongest level in nearly four and a half years, moving 99 pips stronger than the previous Friday's close. Market participants attributed the move to rising exporter currency conversion demand and dollar weakness, with US midterm elections in focus.
Yuan strength cuts the local-currency cost of dollar-priced soybean and meal imports, which can support Chinese crush margins and feed demand.
gbcode.rthk.hkNov 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.
