# Yuan Extends Advance After PBOC Sets Another Stronger Fixing

> The onshore yuan rose for a 10th straight session to 6.8310 per dollar, its strongest level since April 2023. The People's Bank of China set its daily reference rate at 6.9228, strengthening it for a second consecutive session.

- Date: 2026-03-01 · published 2026-03-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/20789-yuan-extends-advance-after-pboc-sets-another-stronger-fixing
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan can make Chinese dollar-denominated purchases of US farm goods relatively cheaper, which may support Chinese demand for US feed ingredients, though the effect on grain prices is modest.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-10-01 | [Chinese Yuan Hits Strongest Level Since 2022 After PBOC Fixing](https://feedsoft.ai/events/17682-chinese-yuan-hits-strongest-level-since-2022-after-pboc-fixing.md) | -0.0% | -0.7% |
| USDCNY | 2024-03-28 | [China sets yuan at much stronger fixing than markets expected](https://feedsoft.ai/events/31439-china-sets-yuan-at-much-stronger-fixing-than-markets-expected.md) | +0.1% | +0.3% |
| USDCNY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.8% | +2.0% |
| USDCNY | 2025-08-28 | [Chinese Yuan Rises After PBOC Fixing - WSJ](https://feedsoft.ai/events/23542-chinese-yuan-rises-after-pboc-fixing-wsj.md) | -0.2% | -0.3% |
| USDCNY | 2026-02-01 | [China Sets Yuan Fixing Stronger Than 7 for First Time Since 2023](https://feedsoft.ai/events/21278-china-sets-yuan-fixing-stronger-than-7-for-first-time-since-2023.md) | -0.2% | -1.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-02-26/yuan-extends-advance-after-pboc-sets-another-stronger-fixing

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