# Yuan closes lower against the US dollar, down 23 pips at 6.6705

> 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.

- Date: 2026-11-11 · published 2026-11-11T09:13:57.579Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/93314-yuan-closes-lower-against-the-us-dollar-down-23-pips-at-6-6705
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-08-01 | [Rupee closes higher against US dollar](https://feedsoft.ai/events/64319-rupee-closes-higher-against-us-dollar.md) | +0.4% | -0.0% |
| USDCNY | 2019-08-05 | [Yuan sinks past seven against the dollar to over decade low](https://feedsoft.ai/events/5372-yuan-sinks-past-seven-against-the-dollar-to-over-decade-low.md) | +1.8% | +3.1% |
| USDCNY | 2017-04-25 | [China's yuan dips against US dollar, falls to record low against currency basket - The Business Times](https://feedsoft.ai/events/71709-china-s-yuan-dips-against-us-dollar-falls-to-record-low-against-currency-basket.md) | +0.1% | -0.0% |
| USDCNY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.2% | +0.3% |
| USDCNY | 2026-06-29 | [Chinese Yuan: China slowdown weighs on CNY against US Dollar – Commerzbank](https://feedsoft.ai/events/19039-chinese-yuan-china-slowdown-weighs-on-cny-against-us-dollar-commerzbank.md) | -0.0% | -0.5% |
| DXY | 2018-11-13 | [Ringgit ends lower against US dollar \| FMT](https://feedsoft.ai/events/62311-ringgit-ends-lower-against-us-dollar-fmt.md) | -0.4% | -0.2% |
| DXY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.0% | -1.1% |
| DXY | 2021-01-29 | [The peso loses 49.4 cents against the dollar in the week - Opportimes](https://feedsoft.ai/events/49360-the-peso-loses-49-4-cents-against-the-dollar-in-the-week-opportimes.md) | +0.7% | +0.7% |

## Sources

- etnet.com.hk: https://www.etnet.com.hk/www/tc/forex/news-article/20261111831/%E3%80%90%E8%81%9A%E7%84%A6%E4%BA%BA%E5%B9%A3%E3%80%91%E4%BA%BA%E6%B0%91%E5%B9%A3%E5%85%8C%E4%B8%80%E7%BE%8E%E5%85%83%E5%8D%B3%E6%9C%9F%E6%94%B6%E8%B7%8C23%E9%BB%9E%E5%AD%90%EF%BC%8C%E5%A0%B16.6705

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