# Yuan steady as exporters actively sell foreign currency proceeds

> The yuan showed no clear direction against the dollar on Friday, as seasonal conversion of export proceeds by Chinese firms offset dollar strength. Spot traded near 6.6717 onshore, and the PBOC fix was 396 pips weaker than the Reuters analyst forecast. The trade-weighted yuan index rose to 104.43, a four-and-a-half-year high.

- Date: 2026-11-13 · published 2026-11-13T12:12:02.384Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/97703-yuan-steady-as-exporters-actively-sell-foreign-currency-proceeds
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan on export conversion lowers the yuan cost of dollar-priced feed imports, which can support Chinese demand for US and Brazilian feed ingredients. Traders are also watching the yen near 160 for possible intervention.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-04-29 | [China’s Yuan Holds Steady As Markets Wait On Fed Signals - Finimize](https://feedsoft.ai/events/19951-china-s-yuan-holds-steady-as-markets-wait-on-fed-signals-finimize.md) | -0.1% | -0.9% |
| USDCNY | 2019-09-13 | [Vietnams Strong Foreign Currency Supply Helps Stabilise USD/VND Exchange Rate - InFocus Vietnam](https://feedsoft.ai/events/57359-vietnams-strong-foreign-currency-supply-helps-stabilise-usd-vnd-exchange-rate.md) | +0.2% | +0.5% |
| USDCNY | 2026-04-28 | [China's yuan steady as traders await Fed meet - Markets - Business Recorder](https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder.md) | +0.1% | -0.5% |
| USDCNY | 2021-12-10 | [CX Daily: Yuan-Dollar Breakup, PBOC Warnings Signal Rocky Road for Currency in 2022 - Caixin Global](https://feedsoft.ai/events/43819-cx-daily-yuan-dollar-breakup-pboc-warnings-signal-rocky-road-for-currency-in.md) | -0.2% | -0.0% |
| USDCNY | 2025-06-18 | [Yuan holds steady against dollar as regulators vow stability](https://feedsoft.ai/events/24431-yuan-holds-steady-against-dollar-as-regulators-vow-stability.md) | -0.1% | -0.0% |

## Sources

- ru.themoscowtimes.com: https://ru.themoscowtimes.com/2026/11/13/yuan-stabilen-na-fone-aktivnoy-prodazhi-valyutnoy-vyruchki-eksporterami-a211273

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