# USD/CNH continues to rally, above 20-day EMA

> USD/CNH was testing resistance near 6.6800, above its 20-day exponential moving average near 6.6750. Japan's Chief Cabinet Secretary also said Japan is already releasing oil reserves and has no new plans.

- Date: 2026-11-04 · published 2026-11-04T03:08:23.305Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/79003-usd-cnh-continues-to-rally-above-20-day-ema
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

An offshore yuan that is weakening and trading above key averages suggests a firmer dollar, which can slightly raise the cost of Chinese purchases of US feed commodities. Oil reserve releases could ease energy-driven cost pressure on feed logistics.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2016-10-11 | [USD/CNY: We expect the bullish trend to continue - Danske Bank — Octa](https://feedsoft.ai/events/5890-usd-cny-we-expect-the-bullish-trend-to-continue-danske-bank-octa.md) | +1.0% | +1.6% |
| USDCNY | 2020-07-24 | [USD/CNY Rises Back Above 7 on Talks PBoC Is Pausing Easing](https://feedsoft.ai/events/52327-usd-cny-rises-back-above-7-on-talks-pboc-is-pausing-easing.md) | +0.1% | -1.3% |
| USDCNY | 2016-06-23 | [USDCNY likely to continue heading higher – SocGen — Octa](https://feedsoft.ai/events/10885-usdcny-likely-to-continue-heading-higher-socgen-octa.md) | +0.9% | +1.5% |
| USDCNY | 2017-08-25 | [Chinese yuan weakens to 6.6579 against USD Friday - Chinadaily.com.cn](https://feedsoft.ai/events/10858-chinese-yuan-weakens-to-6-6579-against-usd-friday-chinadaily-com-cn.md) | -1.1% | -1.1% |
| USDCNY | 2018-06-29 | [Renminbi Continues to Fall: Central bank sets yuan midpoint fixing against dollar at 6.6166 - CGTN](https://feedsoft.ai/events/64735-renminbi-continues-to-fall-central-bank-sets-yuan-midpoint-fixing-against.md) | +0.2% | +2.8% |

## Sources

- mnimarkets.com: https://www.mnimarkets.com/articles/usdcnh-continues-to-rally-above-20-day-ema-1793758916568

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