# MARKET BUZZ: USD/CNY Extends Fall To 2-Week Lows; Lower Fixing, Intervention Cited - Nikkei Asia

> USD/CNY fell to two-week lows after the People's Bank of China set the daily midpoint at 6.8000, below the previous 6.8292 close. Analysts attributed the slide to official intervention aimed at keeping the yuan strong.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/11180-market-buzz-usd-cny-extends-fall-to-2-week-lows-lower-fixing-intervention-cited
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan lifts China's purchasing power for dollar-priced imports such as soybeans and meal, a modest support for feed commodity demand. The move is driven by policy, so it can reverse quickly.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-10-29 | [The USD/CNY central rate was established at 7.0843 by the PBOC, lower than before - VT Markets](https://feedsoft.ai/events/22639-the-usd-cny-central-rate-was-established-at-7-0843-by-the-pboc-lower-than.md) | +0.4% | -0.3% |
| USDCNY | 2017-06-22 | [USD/CNY: Twist the yuan fixing to deter speculative outflow - ING — Octa](https://feedsoft.ai/events/70729-usd-cny-twist-the-yuan-fixing-to-deter-speculative-outflow-ing-octa.md) | -0.4% | -1.0% |
| USDCNY | 2017-05-31 | [USDCNY In Selloff Mode As RMB Fixing Changed - ActionForex](https://feedsoft.ai/events/5665-usdcny-in-selloff-mode-as-rmb-fixing-changed-actionforex.md) | -0.8% | -0.6% |
| USDCNY | 2022-09-29 | [Exclusive: China's state banks told to stock up for yuan intervention](https://feedsoft.ai/events/7209-exclusive-china-s-state-banks-told-to-stock-up-for-yuan-intervention.md) | -1.2% | +0.3% |
| USDCNY | 2022-08-25 | [Dollar Vs. Yuan: China Acts to Prop up Faltering Currency With Strong Fix - Markets Insider](https://feedsoft.ai/events/40264-dollar-vs-yuan-china-acts-to-prop-up-faltering-currency-with-strong-fix-markets.md) | +0.5% | +3.2% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/nikkei-markets/market-buzz-usd-cny-extends-fall-to-2-week-lows-lower-fixing-intervention-cited

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