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The USD/CNY fix fell to 6.7152 from 6.7174 the previous day, and the market had expected a lower fixing. The move leaves the rate not far from recent cycle lows.
A slightly lower USD/CNY supports Chinese buying power for dollar-priced feed commodities, but the size of the move is too small to shift global feed prices.
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.