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The PBOC set the USD/CNY mid-point at 6.7180, well above the market estimate of 6.6811. The yuan is allowed to move 2 percent either side of this reference rate.
A fix far weaker than expected points to deliberate state management of the yuan. This can dampen Chinese dollar-denominated demand for US agricultural commodities.
investinglive.comEamonn SheridanNov 4, 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.
