# Onshore yuan closes at 2-week low

> The onshore yuan closed at 6.677 per US dollar, down slightly from the previous day and at a two-week low. State banks bought dollars early in the session to strengthen counter-cyclical policy, but the yuan's intraday decline narrowed as the dollar eased in the afternoon.

- Date: 2026-11-04 · published 2026-11-04T12:08:27.632Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/79615-onshore-yuan-closes-at-2-week-low
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese exports cheaper and can shift the pace of China's import buying of US farm goods and feed ingredients. The move is small, so its effect on feed commodity prices should be limited.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-10-29 | [China's yuan finishes onshore trading at weakest since 2008 By Reuters](https://feedsoft.ai/events/62763-china-s-yuan-finishes-onshore-trading-at-weakest-since-2008-by-reuters.md) | -0.8% | +0.1% |
| USDCNY | 2024-02-20 | [Onshore yuan trades at its weakest against dollar since November last year](https://feedsoft.ai/events/31900-onshore-yuan-trades-at-its-weakest-against-dollar-since-november-last-year.md) | +0.1% | +0.1% |
| USDCNY | 2021-07-26 | [Yuan nears 1-week low, eyes on China's Politburo, U.S. Fed \| Reuters](https://feedsoft.ai/events/46284-yuan-nears-1-week-low-eyes-on-china-s-politburo-u-s-fed-reuters.md) | -0.3% | +0.3% |
| USDCNY | 2026-06-30 | [Offshore Yuan Heads for Monthly Loss](https://feedsoft.ai/events/19037-offshore-yuan-heads-for-monthly-loss.md) | -0.0% | -0.3% |
| USDCNY | 2023-02-13 | [China's yuan hits 5-week low, South Korea export data darkens outlook](https://feedsoft.ai/events/37550-china-s-yuan-hits-5-week-low-south-korea-export-data-darkens-outlook.md) | +0.8% | +0.5% |

## Sources

- news.rthk.hk: https://news.rthk.hk/rthk/ch/component/k2/1876548-20261104.htm

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