# CFETS releases October offshore yuan market review; CFETS exchange rate index rises 0.55%

> CFETS reported that both onshore and offshore yuan spot rates strengthened against the U.S. dollar in October. Its yuan exchange-rate index rose 0.55% from the previous month-end, while the average absolute onshore-offshore price gap narrowed by 7 basis points to 23 basis points.

- Date: 2026-11-10 · published 2026-11-10T09:12:47.124Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/91528-cfets-releases-october-offshore-yuan-market-review-cfets-exchange-rate-index
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan appreciation can lower the cost of imported feed commodities for Chinese buyers, but the report describes currency movements rather than a new change in commodity supply or demand.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-11-09 | [The Fed - Foreign Exchange Rates - H.10 -  November 09, 2020](https://feedsoft.ai/events/50374-the-fed-foreign-exchange-rates-h-10-november-09-2020.md) | -0.4% | -1.0% |
| USDCNY | 2020-01-17 | [Better-than-Expected Batch of Chinese Data Lifts Renminbi –  Currency Thoughts](https://feedsoft.ai/events/7879-better-than-expected-batch-of-chinese-data-lifts-renminbi-currency-thoughts.md) | +0.6% | +1.6% |
| USDCNY | 2017-09-07 | [China August FX reserves, up for seventh straight month, reach $3.092 trillion](https://feedsoft.ai/events/7802-china-august-fx-reserves-up-for-seventh-straight-month-reach-3-092-trillion.md) | +0.3% | +2.0% |

## Sources

- guandian.cn: https://www.guandian.cn/article/20261110/625456.html

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