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The onshore yuan rose 0.05% to 6.6711 per dollar as companies converted foreign currency holdings into yuan. The yuan's trade-weighted basket index reached a 4.5-year high, and the dollar held near a 19-month high.
Corporate yuan conversion and a firmer basket index reduce China's import costs for dollar-priced commodities. The dollar's strength and possible Fed hike bets are the bigger drivers of dollar-priced grain values.
rallies.aiRallies AINov 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.
