◂ Event Timeline

Nov 12, 2026MACROChina

Yuan reference rate at 6.7174 per dollar, up 0.025%

The PBOC set the yuan's dollar reference rate at 6.7174, a 0.025% strengthening from 6.7191. The yuan also rose to 4.2024 per 100 yen, and the central bank injected a net 197 billion yuan of liquidity.

WHY IT MATTERS

A small yuan fixing move and routine liquidity operations have little direct effect on feed commodity prices.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
fnnews.comNov 12, 2026

Price reaction & history

Chinese Yuan (CNY per USD)▼bearish

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

Sep 4, 2017PBOC Sets Central Parity Rate of Yuan Against Dollar at 6.5668-0.5%
Oct 19, 2021Dollar drops as rate-hike bets profilerate elsewhere, yuan hits 4-mth peak-0.7%
Nov 5, 2019China: Yuan surges past 7 per dollar for the first time since August-0.3%
Dec 30, 2025USDCNY: Yuan Climbs Past 7 Per Dollar Onshore for First Time Since 2023-0.3%
Sep 25, 2024CNY USD: Yuan Rallies Past 7 Per Dollar After China Stimulus Measures - Bloomberg-0.2%

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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