# Central Parity Rate of Yuan Against Dollar Declines 191 Basis Points on Wednesday; Chinese Currency Breaches Important Threshold of USD6.6 Yesterday

> The yuan's central parity declined 191 basis points to 6.6102 per dollar on Wednesday, and onshore and offshore yuan both rose past the 6.6 level for the first time since June 2016. The dollar index rebounded above 92.3 after touching a 2.5-year low on Tuesday, with traders ignoring a North Korean missile launch over Japan.

- Date: 2017-08-30 · published 2017-08-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/10860-central-parity-rate-of-yuan-against-dollar-declines-191-basis-points-on
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan lowers China's dollar cost of imported feed, supporting import demand at the margin. The dollar's partial rebound limits the effect on dollar-priced grain values.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-09-04 | [PBOC Sets Central Parity Rate of Yuan Against Dollar at 6.5668](https://feedsoft.ai/events/9416-pboc-sets-central-parity-rate-of-yuan-against-dollar-at-6-5668.md) | -0.5% | +1.5% |
| USDCNY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.1% | -0.3% |
| USDCNY | 2023-11-22 | [Offshore Chinese Yuan Gains Over 1,600 Pips Against US Dollar in Past Week](https://feedsoft.ai/events/33394-offshore-chinese-yuan-gains-over-1-600-pips-against-us-dollar-in-past-week.md) | -0.1% | +0.0% |
| USDCNY | 2016-11-28 | [China’s central bank talks up the yuan against US dollar ‘uncertainties’ \| South China Morning Post](https://feedsoft.ai/events/74062-china-s-central-bank-talks-up-the-yuan-against-us-dollar-uncertainties-south.md) | -0.5% | +0.4% |
| USDCNY | 2020-03-11 | [Chinese Currency Rises Against US Dollar For Five Straight Days](https://feedsoft.ai/events/10774-chinese-currency-rises-against-us-dollar-for-five-straight-days.md) | +0.7% | +1.3% |

## Sources

- yicaiglobal.com: https://www.yicaiglobal.com/news/central-parity-rate-of-yuan-against-dollar-declines-191-basis-points-on-wednesday-chinese-currency-breaches-important-threshold-of-usd66-yesterday

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