◂ Event Timeline

Nov 4, 2026MACROChina

Onshore yuan closes at 6.677 per dollar, lowest since Oct. 21

The onshore yuan fell 5 points against the U.S. dollar at the close, settling at 6.677 per dollar. The level is the weakest since October 21.

WHY IT MATTERS

A weaker yuan makes Chinese buyers of US farm goods pay more in dollar terms, which can slow purchases and weigh on US soybean and corn demand. The move is small, so the price impact is limited.

AFFECTSChinese Yuan (CNY per USD)▲

SOURCE
squawknews.comSquawkNews DeskNov 4, 2026

Price reaction & history

Chinese Yuan (CNY per USD)▲bullish

After 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.

Feb 20, 2024Onshore yuan trades at its weakest against dollar since November last year+0.1%
Mar 30, 2020China's overnight onshore dollar/yuan swap points fall to lowest level since 2007 | Financial Post-0.0%
Oct 24, 2022CNY/USD: China Yuan Weakens Past 7.3 Per Dollar, All-Time Low Since 2010 - Bloomberg+0.1%
Oct 29, 2018China's yuan finishes onshore trading at weakest since 2008 By Reuters-0.8%
Aug 5, 2019Yuan sinks past seven against the dollar to over decade low+1.8%

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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