# China's yuan tweaks reflect Fed fears - Nikkei Asia

> The People's Bank of China announced it would review how it calculates the yuan's daily reference rate in an effort to curb rapid fluctuations. The aim is to prevent a US rate hike from triggering capital flight.

- Date: 2017-06-26 · published 2017-06-26T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/11182-china-s-yuan-tweaks-reflect-fed-fears-nikkei-asia
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Changes to yuan management shape the currency's path against the dollar, which affects Chinese import costs for feed ingredients. The impact on feed prices is indirect and modest.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-05-27 | [China Tweaks Yuan’s Fix to Keep Currency Stable - Caixin Global](https://feedsoft.ai/events/5661-china-tweaks-yuan-s-fix-to-keep-currency-stable-caixin-global.md) | -0.7% | -0.2% |
| USDCNY | 2017-05-30 | [China : PBOC tweaks model guiding Yuan fix to underpin financial stability \| BBVA Research](https://feedsoft.ai/events/5660-china-pboc-tweaks-model-guiding-yuan-fix-to-underpin-financial-stability-bbva.md) | -0.7% | -0.2% |
| USDCNY | 2017-07-03 | [China's new yuan factor comes into play when currency weakens \| Reuters](https://feedsoft.ai/events/70193-china-s-new-yuan-factor-comes-into-play-when-currency-weakens-reuters.md) | +0.3% | -0.8% |
| USDCNY | 2017-01-01 | [China tweaks yuan basket to play down US dollar \| South China Morning Post](https://feedsoft.ai/events/73191-china-tweaks-yuan-basket-to-play-down-us-dollar-south-china-morning-post.md) | -0.1% | -1.0% |
| USDCNY | 2024-11-26 | [China Draws a Red Line for the Yuan as Trump Risks Return - Bloomberg](https://feedsoft.ai/events/27629-china-draws-a-red-line-for-the-yuan-as-trump-risks-return-bloomberg.md) | +0.6% | +0.8% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/economy/china-s-yuan-tweaks-reflect-fed-fears

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