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The People’s Bank of China set the yuan’s November 9 benchmark at 6.7188 per US dollar, 0.0020 yuan weaker than the November 6 fixing. It was the second consecutive business-day fixing in the weaker direction.
The weaker benchmark marginally raises the local-currency cost of dollar-denominated imports, including feed commodities.
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.