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The People’s Bank of China set the yuan’s daily reference rate at 6.7191 per U.S. dollar, weaker than the estimate of 6.6855. The bank also conducted 187 billion yuan in overnight reverse-repurchase operations at 1.25%.
The weaker-than-expected fixing signals a softer official yuan reference rate, which can raise the local-currency cost of dollar-priced feed imports. The reported liquidity operation may affect short-term funding conditions but does not directly change commodity supply.
investinglive.comEamonn SheridanNov 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.
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.
