# Why Goldman Thinks Chinese Exporters Will Keep Selling Dollars For Yuan

> Goldman Sachs expects Chinese exporters to keep converting dollar earnings into yuan, and now forecasts the dollar at 6.30 yuan in twelve months, down from 6.40. The bank puts the onshore rate at 6.60 in three months and 6.50 in six, and forecasts China's goods surplus rising to US$1.3tn in 2026.

- Date: 2026-11-14 · published 2026-11-14T15:10:29.601Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/99575-why-goldman-thinks-chinese-exporters-will-keep-selling-dollars-for-yuan
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan changes the cost of Chinese purchases of US and Brazilian feed ingredients priced in dollars, and a firmer currency tends to support Chinese import demand for soybeans and meal.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-12-06 | [China state banks selling dollars for second day to support yuan - sources](https://feedsoft.ai/events/32921-china-state-banks-selling-dollars-for-second-day-to-support-yuan-sources.md) | +0.4% | +0.2% |
| USDCNY | 2025-11-14 | [Yuan firms to one-year high on exporter US dollar selling](https://feedsoft.ai/events/22175-yuan-firms-to-one-year-high-on-exporter-us-dollar-selling.md) | +0.2% | -0.6% |
| USDCNY | 2026-01-29 | [Chinese Yuan Breaches 7 Versus US Dollar for Second Time This Year](https://feedsoft.ai/events/21280-chinese-yuan-breaches-7-versus-us-dollar-for-second-time-this-year.md) | -0.1% | -1.5% |
| USDCNY | 2023-07-25 | [China state banks seen selling US dollars to prop up yuan -sources](https://feedsoft.ai/events/35257-china-state-banks-seen-selling-us-dollars-to-prop-up-yuan-sources.md) | -0.6% | +1.4% |
| USDCNY | 2023-07-20 | [Exclusive: China's state banks selling dollars offshore to slow yuan declines, sources say](https://feedsoft.ai/events/35258-exclusive-china-s-state-banks-selling-dollars-offshore-to-slow-yuan-declines.md) | -1.0% | +1.0% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47773/2026-11-14-why-goldman-thinks-chinese-exporters-will-keep-selling-dollars-for-yuan.html

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