The RMB midpoint against the US dollar was set at 6.7152 on November 13, up 22 points. Coverage also cited CME FedWatch probabilities of 84.7% for a 25 basis point Fed hike in December and 15.3% for a 50 basis point hike.
Expectations of further Fed tightening support the dollar and cap yuan gains, which can make dollar-priced US feed imports slightly more expensive for Chinese buyers over time.
After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), 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.