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USD/CNH held near 6.67 on November 13 while the PBOC fix sat near 6.72, with the spot rate able to move 2% either side of the fix. The PBOC has set weaker-than-expected daily fixes repeatedly this month, while the dollar reached a 19-month high.
The PBOC's weak fixes slow yuan appreciation, which limits the cost relief for Chinese importers of dollar-priced feed ingredients. Dollar strength against the yuan keeps import costs elevated.
investingcube.comDr. Supreena NarayananNov 13, 2026After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
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.
