# China's yuan steady as traders await Fed meet - Markets - Business Recorder

> 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.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-02-01 | [China’s yuan steadies ahead of Fed decision - Markets - Business Recorder](https://feedsoft.ai/events/37554-china-s-yuan-steadies-ahead-of-fed-decision-markets-business-recorder.md) | +0.5% | +1.7% |
| USDCNY | 2023-11-27 | [China’s yuan flat - Business & Finance - Business Recorder](https://feedsoft.ai/events/33390-china-s-yuan-flat-business-and-finance-business-recorder.md) | -0.1% | -0.2% |
| USDCNY | 2021-07-28 | [Havens favoured as China jitters persist; dollar waits for Fed - Markets - Business Recorder](https://feedsoft.ai/events/45976-havens-favoured-as-china-jitters-persist-dollar-waits-for-fed-markets-business.md) | -0.6% | -0.6% |
| USDCNY | 2024-11-04 | [Yuan bounces as traders brace for US election volatility - Markets - Business Recorder](https://feedsoft.ai/events/6695-yuan-bounces-as-traders-brace-for-us-election-volatility-markets-business.md) | +0.8% | +2.3% |
| USDCNY | 2026-04-29 | [China’s Yuan Holds Steady As Markets Wait On Fed Signals - Finimize](https://feedsoft.ai/events/19951-china-s-yuan-holds-steady-as-markets-wait-on-fed-signals-finimize.md) | -0.1% | -0.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40418621

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