◂ Event Timeline

Nov 12, 2026MACROChina

Mid-rate raised and dollar weakens: CNY and CNH surge in early trade, both break above 6.67

The yuan's onshore (CNY) and offshore (CNH) rates rose above 6.67 per USD in early trading on November 12, after the midpoint fix was raised 17 pips. The dollar index eased from a 19-month high of 102.962 reached on November 11, following higher-than-expected US October inflation.

Taiwan's dollar outlook was also discussed.

WHY IT MATTERS

A stronger yuan and a softer dollar reduce the dollar cost of Chinese purchases of US and Brazilian feed inputs. The effect is small but supports demand at the margin.

AFFECTSChinese Yuan (CNY per USD)

SOURCE
tw.stock.yahoo.comNov 12, 2026

Price reaction & history

Chinese Yuan (CNY per USD)no directional read

After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.

May 18, 2019Onshore Yuan Breaks 6.9 Against U.S. Dollar as Trade War Intensifies - Caixin Global-0.3%
Feb 2, 2023Dollar strength nears end with small Fed rate hike, breaks 101 handle+0.7%
Nov 28, 2022Dollar weakens as U.S. bond yields drop-2.0%
Oct 20, 2020On the 20th, the won-dollar exchange rate falls below 1140 won intraday for the first time in 1 year and 6 months - The Asia Business Daily+0.5%
Jun 27, 2017China's yuan again slightly weakens, corporate US dollar demand strong - Times of News-0.6%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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