◂ Event Timeline

Nov 2, 2026MACROChina

China Sets Yuan Reference Rate at 6.7146 per Dollar for Nov. 2

China set its yuan reference rate at 6.7146 per dollar for November 2, up eight pips from October 30. The fixing was 521 pips above a Reuters estimate of 6.6625.

WHY IT MATTERS

The fixing signals a weaker official benchmark than markets expected, indicating managed appreciation that caps yuan strength against the dollar.

AFFECTSChinese Yuan (CNY per USD)◆

SOURCE
econotimes.comAdrian ValeNov 2, 2026

Price reaction & history

Chinese Yuan (CNY per USD)◆neutral

After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.

Nov 14, 2018US-China trade war: Tariffs spur record dollar-yuan currency trading-0.1%
Jul 23, 2024China’s yuan steady following rate cuts, eyes on U.S. data - The Pound Hub-0.2%
Apr 29, 2025China ramps up global yuan push, seizing on retreating dollar | Reuters-0.3%
Nov 27, 2023China’s yuan flat - Business & Finance - Business Recorder-0.1%
Jul 28, 2021Havens favoured as China jitters persist; dollar waits for Fed - Markets - Business Recorder-0.6%

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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