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The offshore yuan fell to about 6.68 per dollar, a two-week low, as the PBoC raised the FX deposit reserve ratio from 4% to 6%. The central bank set the daily midpoint at 6.7180, its weakest since October 23, and China's October composite PMI slipped to a three-month low of 52.0.
A weaker yuan and softer Chinese PMI data point to cooling import demand and a less supportive currency backdrop for buyers of US and Brazilian feed commodities. The effect on feed prices is modest.
zh.tradingeconomics.comCzyrill Jean ColomaNov 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.
