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The yuan rallied as much as 0.5% to 6.8750 per dollar after the People's Bank of China strengthened its daily reference rate by the most since August. The move signaled Beijing's comfort with currency appreciation ahead of the National People's Congress.
A stronger yuan lowers the yuan cost of dollar-priced imports and can make Chinese buyers less aggressive on US commodities at the margin. The effect on feed-ingredient prices is modest and indirect.
bloomberg.comIris OuyangMar 3, 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.
