# 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.

- Date: 2026-11-02 · published 2026-11-02T03:09:16.683Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/74677-pboc-sets-usd-cny-reference-rate-at-6-7146-vs-6-7138-previous
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## 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.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-11-28 | [PBOC sets USD/ CNY central rate at 7.1132 (vs. estimate at 7.1432)](https://feedsoft.ai/events/33392-pboc-sets-usd-cny-central-rate-at-7-1132-vs-estimate-at-7-1432.md) | -0.1% | -0.1% |
| USDCNY | 2017-09-04 | [PBOC Sets Central Parity Rate of Yuan Against Dollar at 6.5668](https://feedsoft.ai/events/9416-pboc-sets-central-parity-rate-of-yuan-against-dollar-at-6-5668.md) | -0.5% | +1.5% |
| USDCNY | 2021-01-06 | [China's yuan softens as central bank hints at preference for slower gains - Markets - Business Recorder](https://feedsoft.ai/events/12068-china-s-yuan-softens-as-central-bank-hints-at-preference-for-slower-gains.md) | +0.1% | +0.3% |
| USDCNY | 2024-06-21 | [USD/CNY: PBOC Gives Strongest Boost to Yuan Since April to Manage Decline - Bloomberg](https://feedsoft.ai/events/30005-usd-cny-pboc-gives-strongest-boost-to-yuan-since-april-to-manage-decline.md) | +0.1% | +0.1% |
| USDCNY | 2023-11-29 | [Yuan firms on prospects for US rate cuts - Business & Finance - Business Recorder](https://feedsoft.ai/events/33389-yuan-firms-on-prospects-for-us-rate-cuts-business-and-finance-business-recorder.md) | +0.1% | +0.0% |

## Sources

- en.octabroker.com: https://en.octabroker.com/markets/news/view/1280916/
- investinglive.com: https://investinglive.com/central-banks/pboc-sets-usd-cny-reference-rate-for-today-at-6-7146-vs-estimate-at-6-6625/
- fxstreet.com: https://www.fxstreet.com/news/pboc-sets-usd-cny-reference-rate-at-67146-vs-67138-previous-202611020115
- fxstreet.com: https://www.fxstreet.com/news/pboc-sets-usd-cny-reference-rate-at-67150-vs-67146-previous-202611030115
- fxstreet.com: https://www.fxstreet.com/news/pboc-sets-usd-cny-reference-rate-at-67180-vs-67150-previous-202611040115
- octatrade.co: https://www.octatrade.co/markets/news/view/1281400/

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