# 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.

- Date: 2026-11-12 · published 2026-11-12T03:10:49.776Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/94826-mid-rate-raised-and-dollar-weakens-cny-and-cnh-surge-in-early-trade-both-break
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## 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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-02-02 | [Dollar strength nears end with small Fed rate hike, breaks 101 handle](https://feedsoft.ai/events/37555-dollar-strength-nears-end-with-small-fed-rate-hike-breaks-101-handle.md) | +0.7% | +2.5% |
| USDCNY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -2.0% | -2.5% |
| USDCNY | 2020-10-20 | [On 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](https://feedsoft.ai/events/50866-on-the-20th-the-won-dollar-exchange-rate-falls-below-1140-won-intraday-for-the.md) | +0.5% | -1.9% |
| USDCNY | 2017-06-27 | [China's yuan again slightly weakens, corporate US dollar demand strong - Times of News](https://feedsoft.ai/events/11181-china-s-yuan-again-slightly-weakens-corporate-us-dollar-demand-strong-times-of.md) | -0.6% | -1.3% |

## Sources

- tw.stock.yahoo.com: https://tw.stock.yahoo.com/news/%E4%B8%AD%E9%96%93%E5%83%B9%E4%B8%8A%E8%AA%BF-%E7%BE%8E%E5%85%83%E8%BD%89%E8%A1%B0-cny-cnh%E6%97%A9%E7%9B%A4%E8%BF%BD%E9%AB%98-%E9%9B%99%E9%9B%99%E5%8D%87%E7%A0%B46-020833042.html

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