# PBOC sets USD/ CNY mid-point today at 6.7180 (vs. estimate at 6.6811)

> 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.

- Date: 2026-11-04 · published 2026-11-04T03:08:22.765Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/79000-pboc-sets-usd-cny-mid-point-today-at-6-7180-vs-estimate-at-6-6811
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-08-24 | [PBoC sets USD/CNY fixing above Reuters estimate, prompting yuan volatility and derivatives positioning - VT Markets](https://feedsoft.ai/events/18096-pboc-sets-usd-cny-fixing-above-reuters-estimate-prompting-yuan-volatility-and.md) | +0.1% | -0.4% |
| USDCNY | 2017-03-15 | [USD/CNH is flashing green as PBOC fixed CNY midpoint at weakest since Mar. 15, 2017 — Octa](https://feedsoft.ai/events/72224-usd-cnh-is-flashing-green-as-pboc-fixed-cny-midpoint-at-weakest-since-mar-15.md) | -0.4% | -0.3% |
| USDCNY | 2021-08-31 | [Disappointing PMI Suggests PBOC will Ease Further. Policy Divergence to Drive CNY Lower vs USD - ActionForex](https://feedsoft.ai/events/45783-disappointing-pmi-suggests-pboc-will-ease-further-policy-divergence-to-drive.md) | +0.0% | -0.1% |
| USDCNY | 2022-10-25 | [China’s Yuan CNY USD Drops as PBOC Sets Fix at Weakest Level in 14 Years - Bloomberg](https://feedsoft.ai/events/6933-china-s-yuan-cny-usd-drops-as-pboc-sets-fix-at-weakest-level-in-14-years.md) | +0.6% | -1.7% |
| USDCNY | 2026-06-29 | [PBoC sets USD/CNY fix above forecasts, hinting at managed yuan depreciation as growth concerns linger - VT Markets](https://feedsoft.ai/events/19038-pboc-sets-usd-cny-fix-above-forecasts-hinting-at-managed-yuan-depreciation-as.md) | -0.0% | -0.5% |

## Sources

- investinglive.com: https://investinglive.com/central-banks/pboc-sets-usd-cny-mid-point-today-at-6-vs-estimate-at-6-6811/

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