# [All That China] Yuan reference rate at 1 dollar = 6.7191 yuan…0.036% depreciation

> The People’s Bank of China set the yuan’s reference rate at 6.7191 per dollar, compared with 6.7167 the previous day, a 0.036% depreciation. It also supplied 187 billion yuan through overnight reverse repos while 190 billion yuan matured, resulting in a net liquidity withdrawal of 3 billion yuan.

- Date: 2026-11-11 · published 2026-11-11T03:11:43.583Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/92822-all-that-china-yuan-reference-rate-at-1-dollar-6-7191-yuan-0-036-depreciation
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan can increase the cost of dollar-denominated feed imports for Chinese buyers; the small net liquidity withdrawal is not, by itself, a major commodity-price driver.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-11-01 | [China to defend 7 yuan per dollar rate, but may find it tough: Reuters poll](https://feedsoft.ai/events/62264-china-to-defend-7-yuan-per-dollar-rate-but-may-find-it-tough-reuters-poll.md) | -0.8% | -0.3% |
| USDCNY | 2018-07-30 | [China's yuan hits 13-month low on weaker fixing and depreciation bets](https://feedsoft.ai/events/64266-china-s-yuan-hits-13-month-low-on-weaker-fixing-and-depreciation-bets.md) | +0.3% | -0.1% |
| USDCNY | 2017-02-26 | [China's yuan falls, but fears of US trade war may cap depreciation - The Business Times](https://feedsoft.ai/events/72719-china-s-yuan-falls-but-fears-of-us-trade-war-may-cap-depreciation-the-business.md) | +0.5% | +0.2% |
| USDCNY | 2017-08-15 | [Analysis: Yuan's strength against the dollar fails to snuff out depreciation expectations](https://feedsoft.ai/events/69678-analysis-yuan-s-strength-against-the-dollar-fails-to-snuff-out-depreciation.md) | -0.1% | -2.0% |
| USDCNY | 2024-05-01 | [Yuan falls out of favour with China’s exporters as fears of depreciation mount](https://feedsoft.ai/events/30957-yuan-falls-out-of-favour-with-china-s-exporters-as-fears-of-depreciation-mount.md) | -0.3% | +0.1% |

## Sources

- fnnews.com: https://www.fnnews.com/news/202611111039359730

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