# PBOC Seeks to Temper Yuan Rally With Stable Daily Fix | Financial Post

> The PBOC set the yuan fixing at 6.7894 on Friday, much weaker than Bloomberg survey estimates, signaling it wants slower gains. Month-end dollar selling and state bank dollar bids slowed the appreciation.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/18571-pboc-seeks-to-temper-yuan-rally-with-stable-daily-fix-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The fixing signals a cap on yuan appreciation, which limits any change in China's import purchasing costs for US feed commodities.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-06-14 | [China's yuan recovers from 1-month low, Fed, PBOC in focus \| Financial Post](https://feedsoft.ai/events/41172-china-s-yuan-recovers-from-1-month-low-fed-pboc-in-focus-financial-post.md) | -1.0% | -0.5% |
| USDCNY | 2020-10-21 | [China lifts yuan midpoint to 27-month high \| Financial Post](https://feedsoft.ai/events/50851-china-lifts-yuan-midpoint-to-27-month-high-financial-post.md) | +0.4% | -1.7% |
| USDCNY | 2019-10-10 | [Yuan hits 3-week high, swings wildly on trade headlines \| Financial Post](https://feedsoft.ai/events/56822-yuan-hits-3-week-high-swings-wildly-on-trade-headlines-financial-post.md) | -0.8% | -2.2% |
| USDCNY | 2018-08-28 | [Why China’s Yuan Will Struggle to Rally Further    - WSJ](https://feedsoft.ai/events/63745-why-china-s-yuan-will-struggle-to-rally-further-wsj.md) | +0.4% | +0.7% |
| USDCNY | 2023-02-16 | [China's yuan rises but strong U.S. retail sales data caps upside - Financial Post](https://feedsoft.ai/events/37552-china-s-yuan-rises-but-strong-u-s-retail-sales-data-caps-upside-financial-post.md) | +0.8% | +0.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/pboc-seeks-to-temper-yuan-rally-with-stable-daily-fix

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