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The onshore yuan weakened 0.37% against the US dollar to 6.649, its lowest close in more than eight months, while the offshore yuan also fell. Traders cited uncertainty over whether US-China reciprocal tariffs would take effect, and said the yuan could remain under downward pressure in the near term.
A weaker yuan raises the cost of imported commodities for Chinese buyers and can weigh on import demand. Tariff uncertainty adds to currency risk for trade flows between China and the United States.
yesdaily.comNov 8, 2026After 40 past bullish trade events, Chinese Yuan (CNY per USD) moved a median +0.6% over 5 sessions (75% higher; middle half +0.0% to +1.4%), and +1.1% 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.
