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The People's Bank of China set the yuan's daily reference midpoint at 6.7180 per dollar, 30 pips weaker than the previous day. Onshore yuan traded around 6.6731 and offshore around 6.6732 in the morning session.
A weaker yuan reflects capital flowing back to the US after the Fed's dot plot pointed to another possible rate hike this year. For feed buyers, a softer yuan can dampen Chinese import demand for US and Brazilian commodities priced in dollars.
wenweipo.comNov 4, 2026After 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.
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.
