◂ Event Timeline

Nov 4, 2026MACROChina

On November 4, the yuan's central parity against the dollar was set at 6.7180, down 30 basis points

The PBOC set the yuan's midpoint rate against the dollar at 6.7180 on November 4, lowering it 30 basis points from the previous day's 6.7150. The onshore yuan closed at 6.6765 and the offshore night session at 6.6718.

WHY IT MATTERS

A weaker fixing signals Beijing is slowing yuan appreciation, which can marginally reduce the yuan cost of US farm imports. The effect on feed commodity prices is modest.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
cnfin.comNov 4, 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.

Sep 4, 2017PBOC Sets Central Parity Rate of Yuan Against Dollar at 6.5668-0.5%
Aug 30, 2017Central Parity Rate of Yuan Against Dollar Declines 191 Basis Points on Wednesday; Chinese Currency Breaches Important Threshold of USD6.6 Yesterday-1.1%
Nov 28, 2016China’s central bank talks up the yuan against US dollar ‘uncertainties’ | South China Morning Post-0.5%
Jul 6, 2020Risk-on move dents dollar; yuan set for best day since December-0.9%
Aug 27, 2025Yuan reaches the highest level since November on weak Dollar, stock rally - CNBC TV18-0.1%

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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