# Goldman Sachs Sees China Using Fixing to Strengthen Currency - Bloomberg

> According to Goldman Sachs, China's central bank changed its yuan fixing mechanism after the US presidential election to support a stronger currency. The move was made as capital outflows grew and President-elect Trump threatened protectionist trade policies.

- Date: 2017-01-09 · published 2017-01-09T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/10766-goldman-sachs-sees-china-using-fixing-to-strengthen-currency-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A deliberate change in fixing practice signals state intervention to stabilize the yuan, which reduces the odds of a sharp devaluation that would hit Chinese import demand. Trade-policy threats also keep US-China export flows uncertain.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2017-01-17 | 5 | -1.2% | -3.1 | Goldman noted the PBOC fixing mechanism was geared toward a stronger currency, a policy signal that anchored yuan strength. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-03-13 | [China Strengthens Yuan Fixing for a Record 15th Straight Week - Bloomberg](https://feedsoft.ai/events/11465-china-strengthens-yuan-fixing-for-a-record-15th-straight-week-bloomberg.md) | +0.4% | -0.5% |
| USDCNY | 2026-02-01 | [US presses China to let yuan strengthen – but avoids controversial label](https://feedsoft.ai/events/21285-us-presses-china-to-let-yuan-strengthen-but-avoids-controversial-label.md) | -0.2% | -1.0% |
| USDCNY | 2023-07-06 | [China's yuan firms as central bank pledges again to stabilize currency](https://feedsoft.ai/events/35262-china-s-yuan-firms-as-central-bank-pledges-again-to-stabilize-currency.md) | -1.1% | -0.8% |
| USDCNY | 2022-08-25 | [Dollar Vs. Yuan: China Acts to Prop up Faltering Currency With Strong Fix - Markets Insider](https://feedsoft.ai/events/40264-dollar-vs-yuan-china-acts-to-prop-up-faltering-currency-with-strong-fix-markets.md) | +0.5% | +3.2% |
| USDCNY | 2022-09-07 | [China Sets Yuan CNY USD Fix at 6.916 Per Dollar, Strongest Bias on Record - Bloomberg](https://feedsoft.ai/events/12269-china-sets-yuan-cny-usd-fix-at-6-916-per-dollar-strongest-bias-on-record.md) | -0.4% | +2.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-01-09/goldman-sachs-sees-structural-break-in-yuan-fixing-mechanism

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