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The yuan midpoint was set at 6.7146 per dollar on November 2, 8 basis points weaker than the prior day, after the dollar index closed slightly higher on October 30. The onshore yuan opened around 6.6560 and traded in a choppy range, and the PBoC also adjusted its short-term policy rate operations from the same date.
The modest fix weakening is a routine currency move, but a softer yuan raises the yuan cost of US agricultural imports and can slightly reduce Chinese buying appetite for soybeans and meal.
finance.sina.com.cnNov 2, 2026After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
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.
