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The onshore yuan rose as much as 0.5% to about 6.87 per dollar, its biggest one-day gain in 10 months. The People's Bank of China strengthened the daily reference rate by the most since January 2025 after the currency had hit a one-month low as oil prices pressured emerging Asian currencies.
A firmer yuan fix signals official support against dollar strength, which reduces depreciation pressure on Asian currencies. For feed buyers, a stronger yuan makes Chinese import demand for feed ingredients cheaper in dollar terms, which is mildly supportive for imports.
bloomberg.comDavid Finnerty10 mrt 2026Na 50 eerdere neerwaarts beleid-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan -0,1% over 5 sessies (46% hoger; middelste helft -0,4% tot +0,4%), en -0,0% over 20.
Na 15 eerdere neerwaarts beleid-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan -0,5% over 5 sessies (27% hoger; middelste helft -0,7% tot +0,0%), en -0,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
On 2026-03-10 the PBOC strengthened the fixing by the most in a long while after a one-month low, driving the yuan's biggest one-day gain in 10 months (CNY per USD down), which directly matches the move.
