Loading…
The yuan’s onshore spot rate closed at 6.6705 per dollar, down 23 pips from the previous close, while offshore yuan strengthened. The PBOC set its midpoint weaker at 6.7191, as stronger-than-expected US inflation and employment data bolstered expectations of tighter US monetary policy and supported the dollar.
A weaker yuan makes dollar-denominated feed imports more expensive for Chinese buyers, though the offshore yuan’s gain signals mixed currency pressure. The report points to modest upward pressure on USD/CNY.
etnet.com.hkNov 11, 2026After 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.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
