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China’s Foreign Exchange Trade System reported that both offshore and onshore yuan spot rates appreciated against the US dollar in October. By October 30, CNH had gained 0.84% and CNY 0.75% from the previous month-end; the CFETS yuan index also rose 0.55%.
A stronger yuan can lower the local-currency cost of imported feed grains and ingredients, potentially supporting Chinese import demand. The exchange-rate move alone implies only a modest price influence.
zhitongcaijing.comNov 10, 2026After 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.
