
The onshore yuan traded at 6.6711 per US dollar, up 0.05%, while the offshore yuan was at 6.6719. The CFETS basket index rose to 104.43, its highest level in four and a half years, even as the dollar held near a 19-month high.
The PBOC reference rate was set at 6.7152, weaker than the Reuters estimate of 6.6756.
A firm yuan against a basket of currencies, despite a strong dollar, supports Chinese purchasing power for imported commodities. Chinese exporter dollar sales, which strengthen the yuan, can also affect the cost of dollar-priced feed imports.
After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.