# Chinese yuan rises after PBOC lifts reference rate and dollar falls after Democrats take Congress

> The yuan strengthened after the PBOC raised its reference rate, while the dollar weakened following the Democratic takeover of Congress. The report was published by MarketScreener, citing Reuters.

- Date: 2026-11-05 · published 2026-11-05T06:07:56.442Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/81150-chinese-yuan-rises-after-pboc-lifts-reference-rate-and-dollar-falls-after
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A softer dollar and firmer yuan can support dollar-denominated commodity demand from China, though the effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-28 | [Chinese Yuan Rises After PBOC Fixing - WSJ](https://feedsoft.ai/events/23542-chinese-yuan-rises-after-pboc-fixing-wsj.md) | +0.0% | -0.2% |
| DXY | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | -1.2% | -2.5% |
| DXY | 2017-06-14 | [Dollar falls after Fed interest rate decision](https://feedsoft.ai/events/10197-dollar-falls-after-fed-interest-rate-decision.md) | +0.6% | -0.9% |
| DXY | 2021-01-05 | [Dollar falls as yuan fix lifts risk currencies, Georgia elections in focus](https://feedsoft.ai/events/12069-dollar-falls-as-yuan-fix-lifts-risk-currencies-georgia-elections-in-focus.md) | +0.6% | +0.9% |
| DXY | 2022-11-02 | [US dollar falls broadly after the Fed hints at a slower pace of rate hikes](https://feedsoft.ai/events/38845-us-dollar-falls-broadly-after-the-fed-hints-at-a-slower-pace-of-rate-hikes.md) | -1.4% | -4.2% |
| USDCNY | 2025-08-28 | [Chinese Yuan Rises After PBOC Fixing - WSJ](https://feedsoft.ai/events/23542-chinese-yuan-rises-after-pboc-fixing-wsj.md) | -0.2% | -0.3% |
| USDCNY | 2021-08-11 | [Strong demand lifts yuan, despite firmer dollar - Markets - Business Recorder](https://feedsoft.ai/events/45785-strong-demand-lifts-yuan-despite-firmer-dollar-markets-business-recorder.md) | +0.0% | -0.4% |
| USDCNY | 2026-10-01 | [Chinese Yuan Hits Strongest Level Since 2022 After PBOC Fixing](https://feedsoft.ai/events/17682-chinese-yuan-hits-strongest-level-since-2022-after-pboc-fixing.md) | -0.0% | -0.7% |

## Sources

- nl.marketscreener.com: https://nl.marketscreener.com/beursnieuws/chinese-yuan-veert-op-nadat-pboc-de-referentiekoers-verhoogt-en-dollar-daalt-na-machtsovername-door-ce785fdcd888f024
- brecorder.com: https://www.brecorder.com/news/40447547
- brecorder.com: https://www.brecorder.com/news/40447547/chinas-yuan-rebounds-as-pboc-lifts-midpoint-dollar-falls-after-democrats-take-congress

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