# [RMB Focus] RMB spot rate closes down 24 pips, marking second consecutive decline at 6.6735

> The onshore yuan closed at 6.6735 per dollar, down 24 pips for a second consecutive session, while the daily midpoint weakened 20 pips to 6.7188. Market participants cited a rebound in the U.S. dollar after strong U.S. payroll data as a source of pressure on the yuan.

- Date: 2026-11-09 · published 2026-11-09T09:10:24.331Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/89155-rmb-focus-rmb-spot-rate-closes-down-24-pips-marking-second-consecutive-decline
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan raises the local-currency cost of imported feed ingredients, although seasonal corporate foreign-exchange settlement could limit further depreciation. The exchange-rate move is modest and does not point to a specific global commodity price shift.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-08-31 | [Yuan slips on signs of China slowdown, set for 3rd month of decline - Markets - Business Recorder](https://feedsoft.ai/events/45781-yuan-slips-on-signs-of-china-slowdown-set-for-3rd-month-of-decline-markets.md) | +0.0% | -0.1% |
| USDCNY | 2023-03-20 | [China's yuan eases after reserve ratio cut; Fed decision in focus \| Financial Post](https://feedsoft.ai/events/37090-china-s-yuan-eases-after-reserve-ratio-cut-fed-decision-in-focus-financial-post.md) | -0.3% | -0.3% |
| USDCNY | 2024-01-31 | [China’s yuan eases after PMI, dragged by falling bond yields - Markets - Business Recorder](https://feedsoft.ai/events/32348-china-s-yuan-eases-after-pmi-dragged-by-falling-bond-yields-markets-business.md) | +0.2% | +0.3% |
| USDCNY | 2026-08-24 | [PBoC sets USD/CNY fixing above Reuters estimate, prompting yuan volatility and derivatives positioning - VT Markets](https://feedsoft.ai/events/18096-pboc-sets-usd-cny-fixing-above-reuters-estimate-prompting-yuan-volatility-and.md) | +0.1% | -0.4% |
| USDCNY | 2023-12-11 | [Yuan and equity markets fall on Moody’s Ratings downgrade](https://feedsoft.ai/events/6457-yuan-and-equity-markets-fall-on-moody-s-ratings-downgrade.md) | -0.7% | +0.0% |

## Sources

- longbridge.com: https://longbridge.com/en/news/304824915

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