◂ Event Timeline

Nov 2, 2026MACROChina

PBOC sets USD/CNY reference rate at 6.7146 vs. 6.7138 previous

The PBOC set the USD/CNY reference rate at 6.7146 versus 6.7138 previously and 6.6625 in the Reuters estimate. The article then describes the PBOC's policy toolkit in general terms.

WHY IT MATTERS

The fixing came far weaker than the Reuters estimate, a signal of policy resistance to yuan appreciation that may affect Chinese import demand for US farm goods at the margin.

AFFECTSChinese Yuan (CNY per USD)▼

6 SOURCES
en.octabroker.comNov 2, 2026
investinglive.comEamonn SheridanNov 2, 2026
fxstreet.comHaresh MenghaniNov 2, 2026
fxstreet.comHaresh MenghaniNov 3, 2026
fxstreet.comHaresh MenghaniNov 4, 2026
octatrade.coNov 3, 2026

Price reaction & history

Chinese Yuan (CNY per USD)▼bearish

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

Nov 28, 2023PBOC sets USD/ CNY central rate at 7.1132 (vs. estimate at 7.1432)-0.1%
Sep 4, 2017PBOC Sets Central Parity Rate of Yuan Against Dollar at 6.5668-0.5%
Jan 6, 2021China's yuan softens as central bank hints at preference for slower gains - Markets - Business Recorder+0.1%
Jun 21, 2024USD/CNY: PBOC Gives Strongest Boost to Yuan Since April to Manage Decline - Bloomberg+0.1%
Nov 29, 2023Yuan firms on prospects for US rate cuts - Business & Finance - Business Recorder+0.1%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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