# Yuan edges higher despite weaker central bank fixing and stronger dollar

> The onshore yuan rose 0.1736% to 6.6689 per dollar, while the offshore yuan gained 0.12% to 6.668. The central bank set its daily fixing at 6.7191, weaker than the previous fixing and 336 pips weaker than the Reuters analyst forecast; expectations of higher U.S. rates and Chinese banks’ higher dollar-deposit rates limited the currency’s gains.

- Date: 2026-11-11 · published 2026-11-11T09:25:35.392Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/93366-yuan-edges-higher-despite-weaker-central-bank-fixing-and-stronger-dollar
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan can marginally lower the local cost of imported feed inputs, while sustained currency strength could support Chinese purchasing power. The reported moves and competing currency pressures suggest only a limited near-term price effect.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-02-28 | [Yuan near 4-year high despite state bank dollar buying \| Financial Post](https://feedsoft.ai/events/42928-yuan-near-4-year-high-despite-state-bank-dollar-buying-financial-post.md) | +0.0% | +0.8% |
| USDCNY | 2021-08-11 | [Strong demand lifts yuan, despite firmer dollar - Markets - Business Recorder](https://feedsoft.ai/events/45785-strong-demand-lifts-yuan-despite-firmer-dollar-markets-business-recorder.md) | +0.0% | -0.4% |
| USDCNY | 2018-01-23 | [China’s yuan edges up on stronger fixing, vulnerable dollar \| Business News - The Indian Express](https://feedsoft.ai/events/11862-china-s-yuan-edges-up-on-stronger-fixing-vulnerable-dollar-business-news-the.md) | -1.1% | -1.1% |
| USDCNY | 2025-01-10 | [China's central bank halts bond buying as yuan struggles](https://feedsoft.ai/events/26717-china-s-central-bank-halts-bond-buying-as-yuan-struggles.md) | -0.0% | -0.5% |
| USDCNY | 2017-06-01 | [Here’s why China’s yuan spiked higher despite weak Caixin PMI data](https://feedsoft.ai/events/70727-here-s-why-china-s-yuan-spiked-higher-despite-weak-caixin-pmi-data.md) | -0.2% | -0.2% |

## Sources

- ru.themoscowtimes.com: https://ru.themoscowtimes.com/2026/11/11/yuan-v-plyuse-nesmotrya-na-bolee-slabyy-fiksingtsb-ukreplenie-dollara-a210993

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