◂ Event Timeline

Nov 9, 2026MACROChina

PBOC sets USD/CNY reference rate at 6.7188 vs. 6.7168 previous

The People’s Bank of China set Monday’s USD/CNY reference rate at 6.7188, compared with 6.7168 at the previous fixing.

WHY IT MATTERS

The slightly weaker yuan fixing raises the USD/CNY reference level, though the change is small and has no direct feed-commodity supply impact.

AFFECTSChinese Yuan (CNY per USD)▲

2 SOURCES
investinglive.comEamonn SheridanNov 9, 2026
fxstreet.comAkhtar FaruquiNov 9, 2026

Price reaction & history

Chinese Yuan (CNY per USD)▲bullish

After 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.

Aug 24, 2026PBoC sets USD/CNY fixing above Reuters estimate, prompting yuan volatility and derivatives positioning - VT Markets+0.1%
Nov 7, 2024CNY/USD: China Sets Yuan Fix at Weakest Since 2023 - Bloomberg+0.7%
Feb 20, 2024China slashes mortgage reference rates to revive property market | Reuters+0.1%
Oct 25, 2022China’s Yuan CNY USD Drops as PBOC Sets Fix at Weakest Level in 14 Years - Bloomberg+0.6%
Jun 29, 2026PBoC sets USD/CNY fix above forecasts, hinting at managed yuan depreciation as growth concerns linger - VT Markets-0.0%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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