# Economic fundamentals recovery supports trend, yuan stays slightly firm

> The onshore yuan closed at 6.6707 per dollar on November 13, gaining 18 basis points on the day and 78 basis points for the week. The PBOC's Q3 monetary policy report pledged to keep the yuan basically stable at a reasonable equilibrium level.

- Date: 2026-11-14 · published 2026-11-15T03:12:12.740Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/100580-economic-fundamentals-recovery-supports-trend-yuan-stays-slightly-firm
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan modestly lowers the local cost of dollar-priced feed imports such as soybeans and corn, but the move is small and has little direct effect on feed prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-06-21 | [China’s yuan firm; signs of economic recovery, policy support help - Markets - Business Recorder](https://feedsoft.ai/events/41168-china-s-yuan-firm-signs-of-economic-recovery-policy-support-help-markets.md) | -0.4% | +0.4% |
| USDCNY | 2023-06-04 | [China's yuan may slip further to aid economic recovery - analysts](https://feedsoft.ai/events/35717-china-s-yuan-may-slip-further-to-aid-economic-recovery-analysts.md) | +0.6% | +2.2% |
| USDCNY | 2020-03-30 | [Yuan largely flat as pledge to support economy offsets dollar strength \| Financial Post](https://feedsoft.ai/events/54319-yuan-largely-flat-as-pledge-to-support-economy-offsets-dollar-strength.md) | -0.0% | -0.2% |
| USDCNY | 2023-01-03 | [Yuan strengthens to a 4-month high on optimism over prospects of China’s post-Covid economic recovery \| South China Morning Post](https://feedsoft.ai/events/12763-yuan-strengthens-to-a-4-month-high-on-optimism-over-prospects-of-china-s-post.md) | -1.8% | -2.1% |
| USDCNY | 2023-03-29 | [China’s yuan eases, market awaits March PMIs for clues on economic recovery - Markets - Business Recorder](https://feedsoft.ai/events/37087-china-s-yuan-eases-market-awaits-march-pmis-for-clues-on-economic-recovery.md) | +0.1% | +0.9% |

## Sources

- money.udn.com: https://money.udn.com/money/story/5616/9878997

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.