# [Focus on RMB] RMB To USD Midpoint Rate Hits Nearly Two-Week Low; Spot Rate Opens 39 Pips Lower at 6.6750

> The yuan midpoint was set at 6.7188, down 20 pips from the previous trading day and at its weakest level in more than two weeks. Onshore yuan opened lower at 6.6750; market participants cited the stronger US dollar, while exporter currency-settlement demand was seen as a potential support for the yuan.

- Date: 2026-11-09 · published 2026-11-09T03:09:48.907Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/88535-focus-on-rmb-rmb-to-usd-midpoint-rate-hits-nearly-two-week-low-spot-rate-opens
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan can raise the local-currency cost of imported feed ingredients, while exporter settlement demand may limit further depreciation.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-08-19 | [China Yuan Slumps to Near-Two-Year Low Against USD as Rate Differential Widens - Bloomberg](https://feedsoft.ai/events/40262-china-yuan-slumps-to-near-two-year-low-against-usd-as-rate-differential-widens.md) | +0.9% | +2.9% |
| USDCNY | 2022-09-28 | [China's yuan slides to 14-year low after US rate hikes \| AP News](https://feedsoft.ai/events/8604-china-s-yuan-slides-to-14-year-low-after-us-rate-hikes-ap-news.md) | -0.9% | -0.1% |
| USDCNY | 2020-02-03 | [USD/CNH at 2020 high as China re-opens with weak data, rate cuts amid coronavirus - Forex Crunch](https://feedsoft.ai/events/5139-usd-cnh-at-2020-high-as-china-re-opens-with-weak-data-rate-cuts-amid.md) | +1.2% | +0.6% |
| USDCNY | 2019-08-09 | [China lowers yuan mid-point to fresh 11-year low, but higher than forecasts \| Reuters](https://feedsoft.ai/events/8381-china-lowers-yuan-mid-point-to-fresh-11-year-low-but-higher-than-forecasts.md) | -0.2% | +1.0% |
| USDCNY | 2021-07-26 | [Yuan nears 1-week low, eyes on China's Politburo, U.S. Fed \| Reuters](https://feedsoft.ai/events/46284-yuan-nears-1-week-low-eyes-on-china-s-politburo-u-s-fed-reuters.md) | -0.3% | +0.3% |

## Sources

- longbridge.com: https://longbridge.com/news/304784646

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