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China's yuan traded in a narrow range at 6.8305 per dollar on April 28 as investors awaited the Federal Reserve meeting, which was expected to be Jerome Powell's last as Fed chair. The PBOC set its midpoint at 6.8589, weaker than a Reuters estimate.
Markets expected the Fed to hold rates unchanged.
A stable yuan with a weak fixing keeps China's currency under management, so feed buyers see little direct price impact. Fed guidance on rates could shift the dollar and indirectly affect dollar-priced commodities.
brecorder.comReutersApr 28, 2026After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
