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The yuan showed no clear direction against the dollar on Friday, as seasonal conversion of export proceeds by Chinese firms offset dollar strength. Spot traded near 6.6717 onshore, and the PBOC fix was 396 pips weaker than the Reuters analyst forecast.
The trade-weighted yuan index rose to 104.43, a four-and-a-half-year high.
A stronger yuan on export conversion lowers the yuan cost of dollar-priced feed imports, which can support Chinese demand for US and Brazilian feed ingredients. Traders are also watching the yen near 160 for possible intervention.
ru.themoscowtimes.com13.11.2026 Скопировано!Nov 13, 2026After 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.
