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A Bloomberg survey put the expected yuan fixing range at 6.6799 to 6.6857, well below the 6.7180 fix that was actually set. The same wire also covers Japanese bond market moves, BOJ remarks on AI and Japan's Chief Cabinet Secretary saying oil reserve releases are already under way.
The gap between the survey and the actual fix shows the PBOC is leaning toward a weaker yuan than the market expected. That can slightly raise the dollar cost of Chinese imports of US feed ingredients.
mnimarkets.comMaxine KosterNov 4, 2026After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% 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.
