# Chinese Yuan Appears 'Unbreakable'

> Forbes reports that the yuan has stayed stable against the dollar, with the dollar up only about 1% year-to-date through June 20. Authorities have used the monitored trading band and a basket-based reference rate to contain volatility despite expectations of a sharp depreciation.

- Date: 2016-06-21 · published 2016-06-21T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/10884-chinese-yuan-appears-unbreakable
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A tightly managed yuan limits currency-driven swings in Chinese import costs, so it has little direct effect on feed commodity pricing.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-03-26 | [Chinese Yuan Bounces Back Against US Dollar](https://feedsoft.ai/events/31443-chinese-yuan-bounces-back-against-us-dollar.md) | +0.3% | +0.4% |
| USDCNY | 2019-06-20 | [Chinese Yuan: Beware of Boundaries](https://feedsoft.ai/events/9809-chinese-yuan-beware-of-boundaries.md) | -0.3% | -0.3% |
| USDCNY | 2019-10-22 | [Impact of US-China partial trade deal on Chinese yuan (RMB)](https://feedsoft.ai/events/56811-impact-of-us-china-partial-trade-deal-on-chinese-yuan-rmb.md) | -0.1% | -0.7% |
| USDCNY | 2018-10-30 | [Major Chinese banks seen swapping yuan for dollars in forwards: traders \| Reuters](https://feedsoft.ai/events/62767-major-chinese-banks-seen-swapping-yuan-for-dollars-in-forwards-traders-reuters.md) | -0.5% | -0.1% |
| USDCNY | 2025-04-29 | [Chinese yuan at a glance: There and back again \| articles \| ING THINK](https://feedsoft.ai/events/25350-chinese-yuan-at-a-glance-there-and-back-again-articles-ing-think.md) | -0.3% | -1.4% |

## Sources

- forbes.com: https://www.forbes.com/sites/kenrapoza/2016/06/21/chinese-yuan-appears-unbreakable/

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