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The yuan spot rate opened 50 pips stronger at 6.6720 against the dollar, after the midpoint was set at 6.7156. Democratic control of both US congressional chambers lowered oil prices and weakened the dollar and Treasury yields.
A weaker dollar and lower oil prices reduce external pressure on the yuan and support its appreciation trend. For feed buyers in China, this lowers the cost of dollar-priced imports.
longbridge.comNov 5, 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.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), 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.
