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CFETS yuan index rose 0.36 to 103.77 for the week ending October 30, its highest since July 2022, and the BIS index hit a record high. The PBOC midpoint has risen 213 basis points since late September, and analysts expect moderate appreciation to continue in November at a slower pace.
Sustained yuan strength and strong exporter settlement support Chinese import purchasing power for feed ingredients, while a slower pace of gains reduces the currency's pull on commodity demand.
cnfin.comNov 2, 2026After 362 past bearish macro events, USDCNY 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.
