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USD/CNH was testing resistance near 6.6800, above its 20-day exponential moving average near 6.6750. Japan's Chief Cabinet Secretary also said Japan is already releasing oil reserves and has no new plans.
An offshore yuan that is weakening and trading above key averages suggests a firmer dollar, which can slightly raise the cost of Chinese purchases of US feed commodities. Oil reserve releases could ease energy-driven cost pressure on feed logistics.
mnimarkets.comJonathan CavenaghNov 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.
