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The People's Bank of China kept the one-year Loan Prime Rate at 3% and the five-year rate at 3.5%. It also set a weaker-than-expected daily yuan fixing to slow the currency's rise to a three-year high.
A weaker-than-expected yuan fixing signals Beijing is leaning against appreciation, which raises the yuan cost of dollar-priced feed imports and can temper Chinese buying of US grains and meal. The effect on feed prices is modest, but a firmer dollar against the yuan would weigh on US export competitiveness.
beijingpost.comNov 1, 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.
