# [Focus on RMB] RMB spot rate against the USD closes up 16 basis points at 6.6689

> The yuan's spot rate against the dollar closed at 6.6689 on November 12, up 16 basis points, trading between 6.6667 and 6.6718. The PBOC midpoint was set at 6.7174, weaker than market forecasts.

- Date: 2026-11-12 · published 2026-11-12T09:11:19.040Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/95294-focus-on-rmb-rmb-spot-rate-against-the-usd-closes-up-16-basis-points-at-6-6689
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer dollar on Fed hike bets limits yuan gains; for feed buyers in China, a stable yuan keeps import costs for soymeal and corn largely unchanged.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-10-07 | [Renminbi on track for stability against USD - Chinadaily.com.cn](https://feedsoft.ai/events/11043-renminbi-on-track-for-stability-against-usd-chinadaily-com-cn.md) | +0.7% | +1.2% |
| USDCNY | 2018-02-08 | [The Latest: Pound rises further on UK rates outlook \| AP News](https://feedsoft.ai/events/66733-the-latest-pound-rises-further-on-uk-rates-outlook-ap-news.md) | +1.3% | +1.2% |
| USDCNY | 2024-07-23 | [China’s yuan steady following rate cuts, eyes on U.S. data - The Pound Hub](https://feedsoft.ai/events/29507-china-s-yuan-steady-following-rate-cuts-eyes-on-u-s-data-the-pound-hub.md) | -0.2% | -1.8% |
| USDCNY | 2024-03-26 | [Chinese Yuan Bounces Back Against US Dollar](https://feedsoft.ai/events/31443-chinese-yuan-bounces-back-against-us-dollar.md) | +0.3% | +0.4% |
| USDCNY | 2023-05-22 | [Dollar gains against yen as Fed policy and debt ceiling in focus - Reuters](https://feedsoft.ai/events/36140-dollar-gains-against-yen-as-fed-policy-and-debt-ceiling-in-focus-reuters.md) | +0.8% | +2.5% |

## Sources

- longbridge.com: https://longbridge.com/news/305279696

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