# Yuan midpoint rises briefly before weakening again

> China set the yuan midpoint at 6.7168 per dollar on November 6, 12 points weaker than the previous day's fixing, reversing a one-day strengthening. The midpoint remained about 370 points weaker than a Reuters estimate, and markets were watching U.S. employment data and the next fixing for clues to the central bank's near-term stance.

- Date: 2026-11-06 · published 2026-11-07T00:11:10.510Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/85050-yuan-midpoint-rises-briefly-before-weakening-again
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker midpoint limits expectations of yuan appreciation and could keep the cost of dollar-priced imports elevated for Chinese buyers.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-02-03 | [China's yuan weakens but falling yen points to risk recovery](https://feedsoft.ai/events/5135-china-s-yuan-weakens-but-falling-yen-points-to-risk-recovery.md) | +1.2% | +0.6% |
| USDCNY | 2022-05-11 | [How PBOC might respond to China's weakening yuan](https://feedsoft.ai/events/10987-how-pboc-might-respond-to-china-s-weakening-yuan.md) | +0.0% | -0.8% |
| USDCNY | 2018-06-29 | [Why we’re revising our yuan forecast down again \| articles \| ING THINK](https://feedsoft.ai/events/8537-why-we-re-revising-our-yuan-forecast-down-again-articles-ing-think.md) | +0.2% | +2.8% |
| USDCNY | 2018-06-29 | [Renminbi Continues to Fall: Central bank sets yuan midpoint fixing against dollar at 6.6166 - CGTN](https://feedsoft.ai/events/64735-renminbi-continues-to-fall-central-bank-sets-yuan-midpoint-fixing-against.md) | +0.2% | +2.8% |
| USDCNY | 2025-01-20 | [A weakening yuan tests Beijing's resolve as Trump tariff threats loom](https://feedsoft.ai/events/9595-a-weakening-yuan-tests-beijing-s-resolve-as-trump-tariff-threats-loom.md) | -1.0% | -0.6% |

## Sources

- fxstreet.hk: https://www.fxstreet.hk/news/ren-min-bi-zhong-jian-jia-duan-zan-diao-sheng-hou-zai-ci-diao-bian-202611060154

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