China’s central bank set the yuan’s midpoint against the dollar at 6.7167 on November 10, strengthening it by 21 basis points from the previous trading day. The central bank also published midpoints for other major currencies.
A firmer yuan can reduce the local-currency cost of imported commodities, while making Chinese exports less competitive. The adjustment was modest, so any effect on commodity prices is likely limited.
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.