# Onshore yuan edges up as offshore-onshore spread stays inverted; November 14 latest news

> The onshore yuan closed at 6.5979 per US dollar, up 0.09% from the prior Friday, while the offshore yuan traded around 6.59. The People's Bank of China set its official midpoint at 6.5874, a 0.1% cut and its first reduction in four days. Traders cited US tax bill debate and Federal Reserve chair nomination hearings as sources of uncertainty.

- Date: 2026-11-14 · published 2026-11-14T12:10:06.701Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/99347-onshore-yuan-edges-up-as-offshore-onshore-spread-stays-inverted-november-14
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stable yuan with an inverted onshore-offshore spread points to steady Chinese import purchasing power for commodities. Currency swings tied to US policy uncertainty can change the dollar cost of Chinese demand for grains and meal.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-02-20 | [Onshore yuan trades at its weakest against dollar since November last year](https://feedsoft.ai/events/31900-onshore-yuan-trades-at-its-weakest-against-dollar-since-november-last-year.md) | +0.1% | +0.1% |
| USDCNY | 2020-03-10 | [Yuan edges up as virus spread slows, Xi visits Wuhan \| Financial Post](https://feedsoft.ai/events/10773-yuan-edges-up-as-virus-spread-slows-xi-visits-wuhan-financial-post.md) | +0.7% | +2.1% |
| USDCNY | 2022-12-20 | [China's yuan edges up as unchanged key lending rates offer no surprise \| Financial Post](https://feedsoft.ai/events/38450-china-s-yuan-edges-up-as-unchanged-key-lending-rates-offer-no-surprise.md) | -0.2% | -2.9% |
| USDCNY | 2016-12-02 | [Offshore Yuan Heads for Best Week Since January as Rates Climb - Bloomberg](https://feedsoft.ai/events/73696-offshore-yuan-heads-for-best-week-since-january-as-rates-climb-bloomberg.md) | -0.1% | +0.9% |
| USDCNY | 2026-03-12 | [Offshore Yuan Falls on Strong Dollar — TradingView News](https://feedsoft.ai/events/11678-offshore-yuan-falls-on-strong-dollar-tradingview-news.md) | +0.1% | -0.5% |

## Sources

- yesdaily.com: https://www.yesdaily.com/xinwen_18156.html

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