# Onshore Yuan Hits Over Four-Year High, But Central Parity Weakened, Showing Official Intent to Control Appreciation Pace

> The onshore and offshore yuan both broke through 6.65 per dollar on November 2, with the onshore rate reaching its strongest level in over four years. The People's Bank of China set the daily midpoint at 6.7146, weaker than the prior day and well below the Reuters forecast of 6.6625.

- Date: 2026-11-02 · published 2026-11-03T00:23:29.817Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/76726-onshore-yuan-hits-over-four-year-high-but-central-parity-weakened-showing
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan makes Chinese imports of US and Brazilian feed inputs cheaper in local terms, but the PBOC's weaker fixing signals Beijing is slowing appreciation, limiting the currency's effect on commodity demand. Exporter conversion of dollar earnings is a key support.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-08-24 | [China central bank boosts offshore bill sales to stabilise yuan, says ex-official](https://feedsoft.ai/events/34802-china-central-bank-boosts-offshore-bill-sales-to-stabilise-yuan-says-ex-official.md) | +0.1% | +0.4% |
| USDCNY | 2021-01-21 | [Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder](https://feedsoft.ai/events/49362-yuan-rises-to-1-week-high-on-weaker-dollar-tighter-cash-conditions-markets.md) | +0.1% | +0.1% |
| USDCNY | 2017-08-30 | [Yuan Appreciation: RMB strengthens when US index continues to fall - CGTN](https://feedsoft.ai/events/69676-yuan-appreciation-rmb-strengthens-when-us-index-continues-to-fall-cgtn.md) | -1.1% | +0.7% |
| USDCNY | 2025-11-25 | [Yuan Rallies to One-Year High on Trade Optimism and Fed Cut Bets - Caixin Global](https://feedsoft.ai/events/22173-yuan-rallies-to-one-year-high-on-trade-optimism-and-fed-cut-bets-caixin-global.md) | -0.5% | -1.0% |
| USDCNY | 2023-11-23 | [China’s yuan hovers around 4-month highs on firmer official guidance fix - Markets - Business Recorder](https://feedsoft.ai/events/33391-china-s-yuan-hovers-around-4-month-highs-on-firmer-official-guidance-fix.md) | -0.3% | -0.2% |

## Sources

- ctee.com.tw: https://www.ctee.com.tw/news/20261103700143-439901

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