# 1st LD-Writethru: Chinese yuan weakens to 6.9262 against USD Monday - Xinhua | English.news.cn

> The People's Bank of China set the yuan central parity at 6.9262 per US dollar on January 9, a weakening of 594 basis points. It was the biggest daily percentage fall since June 2016. Analysts said the move reflected the central bank's intention to reverse unilateral devaluation.

- Date: 2017-01-09 · published 2017-01-09T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/10770-1st-ld-writethru-chinese-yuan-weakens-to-6-9262-against-usd-monday-xinhua
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A sharp official fix lower reflects policy intervention that can change the cost of dollar-priced imports for Chinese feed buyers. The move signals a deliberate shift in exchange-rate management rather than routine drift.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-07-03 | [Chinese yuan weakens to 7.0638 against USD Friday_Xinhua Finance Agency](https://feedsoft.ai/events/9736-chinese-yuan-weakens-to-7-0638-against-usd-friday-xinhua-finance-agency.md) | -0.9% | -1.3% |
| USDCNY | 2021-10-20 | [China Sets Weaker-Than-Expected Yuan Fix, Adds More Cash  - Caixin Global](https://feedsoft.ai/events/7480-china-sets-weaker-than-expected-yuan-fix-adds-more-cash-caixin-global.md) | -0.0% | -0.1% |
| USDCNY | 2026-02-27 | [USD/CNY & USD/CNH jump as PBoC cuts FX RRR to zero, cooling yuan gains](https://feedsoft.ai/events/20790-usd-cny-and-usd-cnh-jump-as-pboc-cuts-fx-rrr-to-zero-cooling-yuan-gains.md) | +0.7% | +1.0% |
| USDCNY | 2022-01-17 | [Chinese yuan under pressure from medium-term loans cut: Strategist](https://feedsoft.ai/events/43361-chinese-yuan-under-pressure-from-medium-term-loans-cut-strategist.md) | -0.3% | +0.1% |
| USDCNY | 2020-10-28 | [Yuan eases after China tweaks fixing formula to rein in strength \| Financial Post](https://feedsoft.ai/events/50848-yuan-eases-after-china-tweaks-fixing-formula-to-rein-in-strength-financial-post.md) | -0.4% | -1.9% |

## Sources

- voanews.com: https://www.voanews.com/a/china-exchange-rate-yuan-falls/3669303.html
- xinhuanet.com: http://www.xinhuanet.com/english/2017-01/09/c_135966222.htm

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