# Morning FX Report (November 2, 2026): Yuan Midpoint Set at 6.7146, Weakening 8 Basis Points

> 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.

- Date: 2026-11-02 · published 2026-11-02T21:26:50.922Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/76199-morning-fx-report-november-2-2026-yuan-midpoint-set-at-6-7146-weakening-8-basis
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-02-03 | [China's yuan weakens but falling yen points to risk recovery](https://feedsoft.ai/events/5135-china-s-yuan-weakens-but-falling-yen-points-to-risk-recovery.md) | +1.2% | +0.6% |
| USDCNY | 2020-11-09 | [China sets yuan midpoint at 28-month high after Joe Biden wins presidency \| Financial Post](https://feedsoft.ai/events/50361-china-sets-yuan-midpoint-at-28-month-high-after-joe-biden-wins-presidency.md) | -0.4% | -1.0% |
| 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 | 2017-01-03 | [Yuan starts 2017 weaker after PBOC cuts fixing by most in two weeks \| South China Morning Post](https://feedsoft.ai/events/10250-yuan-starts-2017-weaker-after-pboc-cuts-fixing-by-most-in-two-weeks-south-china.md) | -0.1% | -1.0% |
| USDCNY | 2024-11-07 | [CNY/USD: China Sets Yuan Fix at Weakest Since 2023 - Bloomberg](https://feedsoft.ai/events/6857-cny-usd-china-sets-yuan-fix-at-weakest-since-2023-bloomberg.md) | +0.7% | +1.3% |

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/forex/forexinfo/2026-11-02/doc-inixicie7340834.shtml

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