# PBOC sets USD/CNY midpoint today at 6.7191 (vs. estimate at 6.6855)

> 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%.

- Date: 2026-11-11 · published 2026-11-11T12:12:47.985Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/93442-pboc-sets-usd-cny-midpoint-today-at-6-7191-vs-estimate-at-6-6855
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-03-15 | [USD/CNH is flashing green as PBOC fixed CNY midpoint at weakest since Mar. 15, 2017 — Octa](https://feedsoft.ai/events/72224-usd-cnh-is-flashing-green-as-pboc-fixed-cny-midpoint-at-weakest-since-mar-15.md) | -0.4% | -0.3% |
| USDCNY | 2026-08-24 | [PBoC sets USD/CNY fixing above Reuters estimate, prompting yuan volatility and derivatives positioning - VT Markets](https://feedsoft.ai/events/18096-pboc-sets-usd-cny-fixing-above-reuters-estimate-prompting-yuan-volatility-and.md) | +0.1% | -0.4% |
| USDCNY | 2021-08-31 | [Disappointing PMI Suggests PBOC will Ease Further. Policy Divergence to Drive CNY Lower vs USD - ActionForex](https://feedsoft.ai/events/45783-disappointing-pmi-suggests-pboc-will-ease-further-policy-divergence-to-drive.md) | +0.0% | -0.1% |
| USDCNY | 2023-02-27 | [Chinese yuan approaches 7 level as PBOC slashes midpoint rate By Investing.com](https://feedsoft.ai/events/37549-chinese-yuan-approaches-7-level-as-pboc-slashes-midpoint-rate-by-investing-com.md) | -0.7% | -1.3% |
| USDCNY | 2022-10-25 | [China’s Yuan CNY USD Drops as PBOC Sets Fix at Weakest Level in 14 Years - Bloomberg](https://feedsoft.ai/events/6933-china-s-yuan-cny-usd-drops-as-pboc-sets-fix-at-weakest-level-in-14-years.md) | +0.6% | -1.7% |

## Sources

- investinglive.com: https://investinglive.com/central-banks/pboc-sets-usd-cny-mid-point-today-at-vs-estimate-at-6-6855/

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