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The yuan broke past 6.84 per dollar in offshore trading, reaching its strongest level in nearly three years. Analysts expect further gains at a slower pace, and the central parity rate rose sharply during February.
A firmer yuan lifts Chinese buying power for imports and may reflect stronger export settlement flows. The currency move is a background factor for dollar-priced feed commodities.
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.