# 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.

- Date: 2026-11-02 · published 2026-11-03T00:42:27.911Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/76751-on-november-2-the-yuan-s-usd-midpoint-was-set-at-6-7146-lowered-by-8-basis
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## 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.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-10-29 | [PBOC set the onshore yuan at its strongest in 2 months](https://feedsoft.ai/events/56809-pboc-set-the-onshore-yuan-at-its-strongest-in-2-months.md) | -0.5% | -0.5% |
| USDCNY | 2026-05-28 | [China's onshore yuan finishes domestic session at 6.78 per dollar, strongest such close since Feb. 3, 2023 \| MarketScreener](https://feedsoft.ai/events/19486-china-s-onshore-yuan-finishes-domestic-session-at-6-78-per-dollar-strongest.md) | -0.1% | +0.3% |
| USDCNY | 2019-08-13 | [China sets yuan mid-point at fresh 11-yr low, but remains firmer than expectations \| Reuters](https://feedsoft.ai/events/57791-china-sets-yuan-mid-point-at-fresh-11-yr-low-but-remains-firmer-than.md) | -0.1% | +0.8% |
| USDCNY | 2021-05-31 | [China lifts yuan midpoint to new 3 year high, basket index at highest since 2016 - Markets - Business Recorder](https://feedsoft.ai/events/47318-china-lifts-yuan-midpoint-to-new-3-year-high-basket-index-at-highest-since-2016.md) | +0.5% | +1.4% |
| USDCNY | 2019-11-06 | [China sets yuan midpoint at three-month high \| Financial Post](https://feedsoft.ai/events/56292-china-sets-yuan-midpoint-at-three-month-high-financial-post.md) | +0.2% | +0.5% |

## Sources

- 21jingji.com: https://www.21jingji.com/article/20261102/herald/7af71a9b4cc5d3eef2010b086817ac9f.html

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