The People’s Bank of China set the yuan’s central parity rate at 6.7168 per U.S. dollar on November 6, 12 basis points weaker than the previous fixing. Onshore and offshore yuan also weakened slightly against the dollar during the morning session.
A weaker yuan can raise the local-currency cost of imported feed grains and other commodities, though this small daily move is unlikely to materially change buying decisions or prices on its own.
After 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.