# Onshore yuan closes 23 basis points lower against the U.S. dollar

> The onshore yuan closed at 6.6705 per U.S. dollar, down 23 basis points from the previous close. The PBOC’s midpoint weakened to 6.7191, its lowest in nearly three weeks; stronger-than-expected U.S. inflation and steady employment bolstered expectations of another Federal Reserve rate increase and supported the dollar.

- Date: 2026-11-11 · published 2026-11-11T12:12:47.831Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/93440-onshore-yuan-closes-23-basis-points-lower-against-the-u-s-dollar
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger dollar can lift the USD/CNY exchange rate and make dollar-priced imports, including feed commodities, costlier for Chinese buyers. Market commentary suggested the yuan’s broader appreciation trend may continue, but at a slower pace.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-05-18 | [Onshore Yuan Breaks 6.9 Against U.S. Dollar as Trade War Intensifies - Caixin Global](https://feedsoft.ai/events/59281-onshore-yuan-breaks-6-9-against-u-s-dollar-as-trade-war-intensifies-caixin.md) | -0.3% | +0.1% |
| USDCNY | 2024-02-20 | [Onshore yuan trades at its weakest against dollar since November last year](https://feedsoft.ai/events/31900-onshore-yuan-trades-at-its-weakest-against-dollar-since-november-last-year.md) | +0.1% | +0.1% |
| USDCNY | 2020-03-30 | [China's overnight onshore dollar/yuan swap points fall to lowest level since 2007 \| Financial Post](https://feedsoft.ai/events/54321-china-s-overnight-onshore-dollar-yuan-swap-points-fall-to-lowest-level-since.md) | -0.0% | -0.2% |
| 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% |

## Sources

- news.rthk.hk: https://news.rthk.hk/rthk/ch/component/k2/1877408-20261111.htm

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