# Chinese yuan strengthens ahead of Brexit vote | South China Morning Post

> The yuan strengthened against the dollar on Monday after the People's Bank of China set its daily reference rate stronger than the prior Friday. Onshore yuan traded around 6.5780 per dollar and offshore yuan around 6.5845. Dealers may trade up to 2% either side of the fixing.

- Date: 2016-06-20 · published 2016-06-20T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/10880-chinese-yuan-strengthens-ahead-of-brexit-vote-south-china-morning-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan lowers the cost of dollar-denominated imports for China, including feed inputs, but the move is small and driven by central bank management rather than a shift in trade flows.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-12-05 | [China’s yuan strengthens past 7 per US dollar amid easing of coronavirus curbs \| South China Morning Post](https://feedsoft.ai/events/6581-china-s-yuan-strengthens-past-7-per-us-dollar-amid-easing-of-coronavirus-curbs.md) | -0.9% | -1.5% |
| USDCNY | 2023-01-03 | [Yuan strengthens to a 4-month high on optimism over prospects of China’s post-Covid economic recovery \| South China Morning Post](https://feedsoft.ai/events/12763-yuan-strengthens-to-a-4-month-high-on-optimism-over-prospects-of-china-s-post.md) | -1.8% | -2.1% |
| USDCNY | 2025-11-26 | [China sets strongest yuan fix in over a year as Fed-cut bets rise \| South China Morning Post](https://feedsoft.ai/events/22172-china-sets-strongest-yuan-fix-in-over-a-year-as-fed-cut-bets-rise-south-china.md) | -0.3% | -1.0% |
| USDCNY | 2018-04-01 | [Regulator warns Chinese not to ‘gamble’ on yuan exchange rate \| South China Morning Post](https://feedsoft.ai/events/65714-regulator-warns-chinese-not-to-gamble-on-yuan-exchange-rate-south-china-morning.md) | +0.5% | +1.0% |
| USDCNY | 2021-02-09 | [Opinion \| Why a stronger yuan is still in China’s best interests \| South China Morning Post](https://feedsoft.ai/events/48873-opinion-why-a-stronger-yuan-is-still-in-china-s-best-interests-south-china.md) | +0.1% | +0.9% |

## Sources

- scmp.com: https://www.scmp.com/business/global-economy/article/1977933/chinese-yuan-strengthens-ahead-brexit-vote

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