# Yuan bounces off one-month low on firmer guidance, Beijing reveals 2026 targets | Reuters

> China's yuan rebounded from a one-month low on March 5 after the central bank set its daily guidance at a firmer level. Beijing also revealed its 2026 economic targets. A state think tank said there was no basis for a major yuan appreciation.

- Date: 2026-03-05 · published 2026-03-05T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/20389-yuan-bounces-off-one-month-low-on-firmer-guidance-beijing-reveals-2026-targets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Policy-guided yuan stability keeps China's import costs for dollar-priced feed predictable, supporting steady purchasing. The limited appreciation outlook means no major shift in Chinese demand pricing from currency moves alone.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-11-19 | [Yuan steadies at 3-1/2-mth low on firmer-than-expected fix, tighter offshore conditions - Markets - Business Recorder](https://feedsoft.ai/events/27631-yuan-steadies-at-3-1-2-mth-low-on-firmer-than-expected-fix-tighter-offshore.md) | +0.0% | +0.7% |
| USDCNY | 2017-01-19 | [China sees fierce pre-holiday liquidity scramble, money rates surge but yuan dips \| Reuters](https://feedsoft.ai/events/11874-china-sees-fierce-pre-holiday-liquidity-scramble-money-rates-surge-but-yuan.md) | +0.6% | +0.2% |
| 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 | 2023-09-22 | [China’s yuan bounces on state bank support, offshore tightness - Markets - Business Recorder](https://feedsoft.ai/events/34329-china-s-yuan-bounces-on-state-bank-support-offshore-tightness-markets-business.md) | -0.1% | +0.1% |
| USDCNY | 2026-02-24 | [China leaves benchmark lending rates unchanged as Beijing signals tolerance for stronger yuan](https://feedsoft.ai/events/7900-china-leaves-benchmark-lending-rates-unchanged-as-beijing-signals-tolerance-for.md) | -0.3% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/china-lifts-yuan-guidance-34-month-high-firmer-than-market-projections-2026-03-05/

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