# Renminbi reference rate for the 12th is 6.7174 yuan, up from previous business day

> The People's Bank of China announced a USD/CNY central rate of 6.7174 for November 12, against the previous business day's 6.7191. This is a yuan gain of about 0.0017.

- Date: 2026-11-12 · published 2026-11-12T03:10:49.839Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/94827-renminbi-reference-rate-for-the-12th-is-6-7174-yuan-up-from-previous-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan modestly reduces the cost of dollar-priced imports for China, a major buyer of feed grains and meal. The effect on feed prices is marginal and mostly indirect.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-11-29 | [Yuan firms on prospects for US rate cuts - Business & Finance - Business Recorder](https://feedsoft.ai/events/33389-yuan-firms-on-prospects-for-us-rate-cuts-business-and-finance-business-recorder.md) | +0.1% | +0.0% |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |
| USDCNY | 2021-01-06 | [China's yuan softens as central bank hints at preference for slower gains - Markets - Business Recorder](https://feedsoft.ai/events/12068-china-s-yuan-softens-as-central-bank-hints-at-preference-for-slower-gains.md) | +0.1% | +0.3% |
| USDCNY | 2024-08-02 | [PBOC sets USD/ CNY reference rate for today at 7.1376 (vs. estimate at 7.2437)](https://feedsoft.ai/events/4691-pboc-sets-usd-cny-reference-rate-for-today-at-7-1376-vs-estimate-at-7-2437.md) | -1.0% | -2.0% |
| USDCNY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | -0.5% | -0.5% |

## Sources

- traderswebfx.jp: https://www.traderswebfx.jp/news/article/1220299

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