In late New York trading on Wednesday, the offshore yuan was quoted at 6.6960 per dollar, down 34 points from Tuesday’s late trading. It traded in a 6.6911–6.7006 range and fell from 6.6975 when U.S. CPI data was released.
A weaker yuan can increase the cost of imported feed grains and oilseeds for Chinese buyers, but the reported daily move is modest and does not by itself signal a shift in import demand.
After 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.