# PBOC Sets Yuan Midpoint Weaker After Brief Strengthening

> The People's Bank of China set the yuan's central parity rate at 6.7168 per dollar on November 6, 12 basis points weaker than the previous fixing. The fixing remained about 370 points weaker than the cited market forecast, while onshore and offshore yuan trading stayed in a narrow range.

- Date: 2026-11-06 · published 2026-11-06T06:09:25.612Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/83396-pboc-sets-yuan-midpoint-weaker-after-brief-strengthening
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The weaker fixing and its gap from market expectations suggest policymakers are discouraging one-way expectations of yuan appreciation. A softer yuan can increase the cost of dollar-priced feed imports, though the day's spot-market response was limited.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-10-28 | [Yuan eases after China tweaks fixing formula to rein in strength \| Financial Post](https://feedsoft.ai/events/50848-yuan-eases-after-china-tweaks-fixing-formula-to-rein-in-strength-financial-post.md) | -0.4% | -1.9% |
| USDCNY | 2026-02-27 | [Yuan Snaps Rising Streak After China Cuts Cost to Short Currency - Bloomberg](https://feedsoft.ai/events/7897-yuan-snaps-rising-streak-after-china-cuts-cost-to-short-currency-bloomberg.md) | +0.7% | +1.0% |
| USDCNY | 2021-10-20 | [China Sets Weaker-Than-Expected Yuan Fix, Adds More Cash  - Caixin Global](https://feedsoft.ai/events/7480-china-sets-weaker-than-expected-yuan-fix-adds-more-cash-caixin-global.md) | -0.0% | -0.1% |
| USDCNY | 2025-05-08 | [China’s yuan slips as PBOC guides currency lower - Markets - Business Recorder](https://feedsoft.ai/events/9620-china-s-yuan-slips-as-pboc-guides-currency-lower-markets-business-recorder.md) | -0.2% | -0.7% |
| USDCNY | 2020-10-28 | [Yuan’s Rally Faces Test After Banks Tweak Daily Reference Rate - Caixin Global](https://feedsoft.ai/events/50849-yuan-s-rally-faces-test-after-banks-tweak-daily-reference-rate-caixin-global.md) | -0.4% | -1.9% |

## Sources

- insigtx.com: https://www.insigtx.com/en/news/pboc-sets-yuan-midpoint-weaker-after-brief-strengthening-562754/

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