# PBoC Sets Yuan Midpoint at 6.7146 Against Dollar, Weakening 8 Basis Points

> The People's Bank of China set the onshore yuan central parity at 6.7146 per US dollar on November 2, 8 basis points weaker than the previous fixing. The move follows a week in which the yuan had strengthened against the dollar.

- Date: 2026-11-02 · published 2026-11-02T21:26:50.766Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/76198-pboc-sets-yuan-midpoint-at-6-7146-against-dollar-weakening-8-basis-points
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A small weakening of the fix has little direct effect on feed commodities, but a weaker yuan raises the yuan cost of US soybeans and other imports, which can slightly dampen Chinese buying appetite at the margin.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-06-29 | [Renminbi Continues to Fall: Central bank sets yuan midpoint fixing against dollar at 6.6166 - CGTN](https://feedsoft.ai/events/64735-renminbi-continues-to-fall-central-bank-sets-yuan-midpoint-fixing-against.md) | +0.2% | +2.8% |
| USDCNY | 2024-01-19 | [China’s yuan set to weaken for a third week against rebounding dollar - Markets - Business Recorder](https://feedsoft.ai/events/32358-china-s-yuan-set-to-weaken-for-a-third-week-against-rebounding-dollar-markets.md) | -0.4% | -0.0% |
| USDCNY | 2024-02-20 | [Onshore yuan trades at its weakest against dollar since November last year](https://feedsoft.ai/events/31900-onshore-yuan-trades-at-its-weakest-against-dollar-since-november-last-year.md) | +0.1% | +0.1% |
| USDCNY | 2016-12-29 | [China expands CFETS index basket, yuan seen weakening vs. dollar By Reuters](https://feedsoft.ai/events/73681-china-expands-cfets-index-basket-yuan-seen-weakening-vs-dollar-by-reuters.md) | -1.0% | -1.1% |
| USDCNY | 2024-04-16 | [China's cycle of dollar hoarding and weakening yuan gets vicious](https://feedsoft.ai/events/30951-china-s-cycle-of-dollar-hoarding-and-weakening-yuan-gets-vicious.md) | +0.0% | -0.1% |

## Sources

- finance.ce.cn: http://finance.ce.cn/fe/gdxw/202611/t20261102_3279942.shtml
- i2.ce.cn: http://i2.ce.cn/finance/fe/gdxw/202611/t20261102_3279942.shtml
- chinanews.com.cn: https://www.chinanews.com.cn/cj/2026/11-04/10725750.shtml

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