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The onshore yuan spot rate closed at 6.6458 per dollar, up 99 pips and extending a 14-day winning streak to its strongest level since June 2022. The offshore yuan rose to 6.6435, while the PBOC midpoint was set at 6.7146, slightly weaker by 8 pips.
Analysts expect gradual further appreciation with US midterm election events now in focus.
A sustained yuan appreciation makes dollar-priced US farm exports relatively cheaper for Chinese buyers in yuan terms, but also lowers the yuan cost of imports, which can ease China's domestic feed input costs. The effect on grain and meal prices is modest and gradual.
etnet.com.hkNov 13, 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.
