# China Sets Yuan CNY USD Fix at 6.916 Per Dollar, Strongest Bias on Record - Bloomberg

> The PBOC set the yuan midpoint fix 454 pips stronger than Bloomberg survey estimates, the 11th straight day of stronger-than-expected fixings. The move followed the reserve requirement cut announced earlier in the week.

- Date: 2022-09-07 · published 2022-09-07T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/12269-china-sets-yuan-cny-usd-fix-at-6-916-per-dollar-strongest-bias-on-record
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A persistent strong fix signals official resistance to yuan weakness, which supports Chinese import purchasing power but has limited direct effect on feed grain prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-03-13 | [China Strengthens Yuan Fixing for a Record 15th Straight Week - Bloomberg](https://feedsoft.ai/events/11465-china-strengthens-yuan-fixing-for-a-record-15th-straight-week-bloomberg.md) | +0.4% | -0.5% |
| 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% |
| USDCNY | 2024-12-19 | [China's central bank offers strongest yuan support since July after dollar gains](https://feedsoft.ai/events/27167-china-s-central-bank-offers-strongest-yuan-support-since-july-after-dollar-gains.md) | +0.2% | +0.5% |
| USDCNY | 2017-08-30 | [China Sets Yuan Midpoint Against Dollar at One-Year High   - Caixin Global](https://feedsoft.ai/events/10857-china-sets-yuan-midpoint-against-dollar-at-one-year-high-caixin-global.md) | -1.1% | +0.7% |
| USDCNY | 2025-02-21 | [China’s central bank vows to enhance yuan amid looming risks from strong US dollar \| South China Morning Post](https://feedsoft.ai/events/26298-china-s-central-bank-vows-to-enhance-yuan-amid-looming-risks-from-strong-us.md) | +0.4% | -0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-07/china-sets-yuan-fix-at-strongest-bias-on-record-as-losses-mount

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