# China sets yuan midpoint at three-month high | Financial Post

> China's central bank set the yuan midpoint at 7.0080 per dollar, its strongest fix since August 8, 2019. The move followed strong spot gains on progress in talks toward a partial Sino-US trade deal.

- Date: 2019-11-06 · published 2019-11-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/56292-china-sets-yuan-midpoint-at-three-month-high-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan reflects improving odds of a US-China deal that could lift Chinese purchases of US farm goods. The currency move itself has little direct effect on feed commodity prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-12-26 | [China lifts yuan midpoint to strongest in 4-1/2 months \| Financial Post](https://feedsoft.ai/events/55801-china-lifts-yuan-midpoint-to-strongest-in-4-1-2-months-financial-post.md) | -0.6% | -1.3% |
| USDCNY | 2026-02-01 | [China's yuan hits 32-month high as PBOC carefully lifts midpoint](https://feedsoft.ai/events/21276-china-s-yuan-hits-32-month-high-as-pboc-carefully-lifts-midpoint.md) | -0.2% | -1.0% |
| USDCNY | 2021-04-22 | [China's yuan nears six-week high as U.S. yields ease \| Financial Post](https://feedsoft.ai/events/47810-china-s-yuan-nears-six-week-high-as-u-s-yields-ease-financial-post.md) | -0.2% | -0.9% |
| USDCNY | 2025-06-30 | [China's yuan rises after midpoint set at highest in nearly 8 months — TradingView News](https://feedsoft.ai/events/24427-china-s-yuan-rises-after-midpoint-set-at-highest-in-nearly-8-months-tradingview.md) | +0.0% | +0.1% |
| USDCNY | 2021-03-18 | [China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms \| Financial Post](https://feedsoft.ai/events/48338-china-s-yuan-hits-1-week-high-but-rally-slows-as-sino-u-s-meet-looms-financial.md) | +0.3% | +0.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/china-sets-yuan-midpoint-at-three-month-high

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