# Why China’s Daily FX Fixing Points To More Chinese Yuan Gains - Nomura

> Nomura targets USD/CNH at 6.55 by end-October, citing Chinese exporters converting dollar revenues into yuan. June's FX settlement surplus was $81.8 billion, the largest since December 2025.

- Date: 2026-07-28 · published 2026-07-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/18574-why-china-s-daily-fx-fixing-points-to-more-chinese-yuan-gains-nomura
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Sustained corporate yuan buying supports a stronger currency, which lowers China's dollar costs for imported feed and can modestly support Chinese buying power.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-09-08 | [Chinese yuan strengthens to near 16-month high against USD - People's Daily Online](https://feedsoft.ai/events/7803-chinese-yuan-strengthens-to-near-16-month-high-against-usd-people-s-daily-online.md) | +1.1% | +2.6% |
| USDCNY | 2018-04-01 | [Regulator warns Chinese not to ‘gamble’ on yuan exchange rate \| South China Morning Post](https://feedsoft.ai/events/65714-regulator-warns-chinese-not-to-gamble-on-yuan-exchange-rate-south-china-morning.md) | +0.5% | +1.0% |
| USDCNY | 2017-08-31 | [Chinese yuan continues to climb against USD - People's Daily Online](https://feedsoft.ai/events/69673-chinese-yuan-continues-to-climb-against-usd-people-s-daily-online.md) | -1.7% | +1.0% |
| USDCNY | 2018-02-08 | [Chinese yuan strengthens to new high against USD - Chinadaily.com.cn](https://feedsoft.ai/events/7105-chinese-yuan-strengthens-to-new-high-against-usd-chinadaily-com-cn.md) | +1.3% | +1.2% |
| USDCNY | 2017-12-26 | [China's yuan strengthens to more than 3-month high - Chinadaily.com.cn](https://feedsoft.ai/events/67711-china-s-yuan-strengthens-to-more-than-3-month-high-chinadaily-com-cn.md) | -1.3% | -3.2% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/46646/2026-07-28-why-china-s-daily-fx-fixing-points-to-more-chinese-yuan-gains-nomura.html

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