# China’s yuan hits over 4-year high - Markets - Business Recorder

> The yuan firmed to its strongest level since June 2022 against the dollar, with exporters converting dollar holdings. The PBOC midpoint was 6.7138, its strongest since February 2023, and 590 pips weaker than the Reuters estimate.

- Date: 2026-11-02 · published 2026-11-02T03:09:16.849Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/74680-china-s-yuan-hits-over-4-year-high-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan lifts China's dollar purchasing power for US farm imports, but the PBOC's weaker-than-expected fixing limits the appreciation pace.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-02-02 | [China’s yuan jumps to over 2-week high on Fed’s dovish tilt - Markets - Business Recorder](https://feedsoft.ai/events/37551-china-s-yuan-jumps-to-over-2-week-high-on-fed-s-dovish-tilt-markets-business.md) | +0.7% | +2.5% |
| USDCNY | 2021-07-15 | [China's yuan inches higher, GDP data caps gains - Markets - Business Recorder](https://feedsoft.ai/events/46289-china-s-yuan-inches-higher-gdp-data-caps-gains-markets-business-recorder.md) | -0.0% | +0.1% |
| USDCNY | 2026-08-20 | [China's yuan gets stronger after dollar slumps overnight - Markets - Business Recorder](https://feedsoft.ai/events/18097-china-s-yuan-gets-stronger-after-dollar-slumps-overnight-markets-business.md) | -0.1% | -0.3% |
| USDCNY | 2022-06-16 | [China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder](https://feedsoft.ai/events/41169-china-s-yuan-climbs-to-week-high-after-expected-fed-move-markets-business.md) | -0.2% | +0.7% |
| USDCNY | 2025-10-28 | [Yuan hits 1-year high on upbeat stocks, trade deal hopes - Markets - Business Recorder](https://feedsoft.ai/events/22633-yuan-hits-1-year-high-on-upbeat-stocks-trade-deal-hopes-markets-business.md) | +0.2% | -0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40446972
- brecorder.com: https://www.brecorder.com/news/40446972/chinas-yuan-hits-over-4-year-high

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