◂ Event Timeline

Nov 2, 2026MACROChina

On November 2, the yuan's USD midpoint was set at 6.7146, lowered by 8 basis points. The previous session's midpoint was 6.7138, the onshore yuan closed at 6.6557 at 16:30, and the night session closed at 6.6558.

The People's Bank of China set the yuan's daily USD midpoint at 6.7146 on November 2, 8 basis points lower than the prior session's 6.7138. The onshore yuan closed at 6.6557 at 16:30 and the night session closed at 6.6558.

WHY IT MATTERS

A slightly firmer yuan against the dollar modestly raises the dollar purchasing power of Chinese feed buyers for US soybeans, corn and meal, a mild supportive factor for those prices. The move is small and fixing-driven, so the price impact is limited.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
21jingji.comNov 2, 2026

Price reaction & history

Chinese Yuan (CNY per USD)▼bearish

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

Oct 29, 2019PBOC set the onshore yuan at its strongest in 2 months-0.5%
May 28, 2026China's onshore yuan finishes domestic session at 6.78 per dollar, strongest such close since Feb. 3, 2023 | MarketScreener-0.1%
Aug 13, 2019China sets yuan mid-point at fresh 11-yr low, but remains firmer than expectations | Reuters-0.1%
May 31, 2021China lifts yuan midpoint to new 3 year high, basket index at highest since 2016 - Markets - Business Recorder+0.5%
Nov 6, 2019China sets yuan midpoint at three-month high | Financial Post+0.2%

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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