# Chinese yuan strengthens to 6.9260 against USD Monday_Xinhua Finance Agency

> The Chinese central parity rate strengthened 77 pips to 6.9260 per dollar on Monday, according to the China Foreign Exchange Trade System. The article describes the daily fixing mechanism, which allows spot trading within 2 percent of the parity rate.

- Date: 2020-03-09 · published 2020-03-09T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/10775-chinese-yuan-strengthens-to-6-9260-against-usd-monday-xinhua-finance-agency
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

This is routine currency fixing commentary with no new supply or demand driver for feed commodities, so the price implication is negligible.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- en.xfafinance.com: http://en.xfafinance.com/html/Markets/Currencies/2020/521680.shtml

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