The People's Bank of China set the official yuan midpoint at 6.7156 per US dollar on November 5, 24 basis points stronger than the previous trading day. The fixing also published rates for other major currencies against the yuan.
A stronger official fixing signals Beijing is leaning against yuan weakness, which modestly reduces the cost of US farm purchases for Chinese buyers, though the effect on grain prices is small.
After 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.
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.