# China’s offshore yuan hits 3-year high as Beijing signals policy support | South China Morning Post

> The offshore yuan rose to a three-year high on Friday, and the PBOC set the midpoint above 6.79 per dollar for a third straight session. A high-level meeting signaled further policy support.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/18569-china-s-offshore-yuan-hits-3-year-high-as-beijing-signals-policy-support-south
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Policy-backed yuan strength modestly reduces China's dollar import costs for soybeans and other feed inputs, though the effect on prices is limited.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-01-05 | [Update \| Offshore yuan borrowing costs spike to 110 pc as PBOC beats back short sellers \| South China Morning Post](https://feedsoft.ai/events/73182-update-offshore-yuan-borrowing-costs-spike-to-110-pc-as-pboc-beats-back-short.md) | +0.1% | -1.0% |
| 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 | 2024-08-05 | [As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom \| South China Morning Post](https://feedsoft.ai/events/7430-as-stock-sell-off-sweeps-asia-china-s-yuan-surges-as-us-rate-cuts-loom-south.md) | +0.1% | -1.0% |
| USDCNY | 2017-01-05 | [China’s offshore yuan surges most against dollar in a year](https://feedsoft.ai/events/73180-china-s-offshore-yuan-surges-most-against-dollar-in-a-year.md) | +0.1% | -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/economy/china-economy/article/3362507/chinas-offshore-yuan-hits-3-year-high-beijing-signals-policy-support

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