# CNH: CNH Steady, CNY Basket To Fresh Cycle Highs Amid USD Gains

> Spot USD/CNH traded near 6.6930 in early Wednesday trade after little change on Tuesday, while the CNY CFETS basket index rose to 103.65, extending its gains over eight sessions. The dollar index lost nearly 0.20% on Tuesday as US back-end yields edged down. Markets await China's September inflation and trade data and the US CPI release.

- Date: 2026-11-12 · published 2026-11-13T00:11:57.120Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/96707-cnh-cnh-steady-cny-basket-to-fresh-cycle-highs-amid-usd-gains
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer yuan and a weaker dollar can shift the relative competitiveness of Chinese import demand for US feed ingredients and tighten the purchasing power behind soybean meal and corn buying. Currency moves of this size are a secondary influence on feed commodity prices.

## Read by commodity

- DXY: neutral
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-02-24 | [China's Yuan Hits Three-Month Highs Amid Dollar Weakness and Stock Market Gains](https://feedsoft.ai/events/26299-china-s-yuan-hits-three-month-highs-amid-dollar-weakness-and-stock-market-gains.md) | +0.5% | -0.0% |
| USDCNY | 2018-02-08 | [Chinese yuan strengthens to new high against USD - Chinadaily.com.cn](https://feedsoft.ai/events/7105-chinese-yuan-strengthens-to-new-high-against-usd-chinadaily-com-cn.md) | +1.3% | +1.2% |
| USDCNY | 2018-02-01 | [Chinese yuan strengthens to new high against USD - Xinhua \| English.news.cn](https://feedsoft.ai/events/66716-chinese-yuan-strengthens-to-new-high-against-usd-xinhua-english-news-cn.md) | -0.3% | +1.2% |
| USDCNY | 2018-01-25 | [Chinese yuan strengthens to 27-month high against USD Thursday](https://feedsoft.ai/events/11866-chinese-yuan-strengthens-to-27-month-high-against-usd-thursday.md) | -1.3% | -0.3% |
| USDCNY | 2023-01-10 | [China's yuan hits fresh five-month high, dollar demand caps gains](https://feedsoft.ai/events/12768-china-s-yuan-hits-fresh-five-month-high-dollar-demand-caps-gains.md) | +0.0% | +0.3% |
| DXY | 2017-10-06 | [Asian currencies to stay steady, Fed tightening seen curbing gains \| Malay Mail](https://feedsoft.ai/events/6413-asian-currencies-to-stay-steady-fed-tightening-seen-curbing-gains-malay-mail.md) | -0.3% | +1.2% |
| DXY | 2021-06-02 | [Amid hiring troubles, rising prices, U.S. growth gains speed -Fed](https://feedsoft.ai/events/6783-amid-hiring-troubles-rising-prices-u-s-growth-gains-speed-fed.md) | +0.1% | +1.6% |
| DXY | 2026-02-26 | [EUR/USD steady as ECB eyes inflation target, German CPI in focus](https://feedsoft.ai/events/20805-eur-usd-steady-as-ecb-eyes-inflation-target-german-cpi-in-focus.md) | +1.1% | +2.0% |

## Sources

- mnimarkets.com: https://www.mnimarkets.com/articles/cnh-steady-cny-basket-to-fresh-cycle-highs-amid-usd-gains-1794523398041

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