# China's yuan hits 32-month high as PBOC carefully lifts midpoint

> China's yuan rose to a new 32-month high against the dollar as the PBOC kept lifting its official midpoint to manage the pace of appreciation. The currency has gained 0.5% so far this year after a 4.5% rise in 2025, supported by a weaker dollar and corporate demand ahead of Lunar New Year.

- Date: 2026-02-01 · published 2026-02-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/21276-china-s-yuan-hits-32-month-high-as-pboc-carefully-lifts-midpoint
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan lowers the local-currency cost of dollar-priced imports for China, which can modestly support Chinese buying of US feed ingredients. A weaker dollar generally underpins dollar-denominated grain and oilseed prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-11-06 | [China sets yuan midpoint at three-month high \| Financial Post](https://feedsoft.ai/events/56292-china-sets-yuan-midpoint-at-three-month-high-financial-post.md) | +0.2% | +0.5% |
| USDCNY | 2019-12-26 | [China lifts yuan midpoint to strongest in 4-1/2 months \| Financial Post](https://feedsoft.ai/events/55801-china-lifts-yuan-midpoint-to-strongest-in-4-1-2-months-financial-post.md) | -0.6% | -1.3% |
| USDCNY | 2025-05-06 | [China's yuan ends at six-month high as carry trades unwind](https://feedsoft.ai/events/9617-china-s-yuan-ends-at-six-month-high-as-carry-trades-unwind.md) | -0.9% | -1.1% |
| USDCNY | 2023-01-10 | [China's yuan hits fresh five-month high, dollar demand caps gains](https://feedsoft.ai/events/12768-china-s-yuan-hits-fresh-five-month-high-dollar-demand-caps-gains.md) | +0.0% | +0.3% |
| USDCNY | 2025-06-30 | [China's yuan rises after midpoint set at highest in nearly 8 months — TradingView News](https://feedsoft.ai/events/24427-china-s-yuan-rises-after-midpoint-set-at-highest-in-nearly-8-months-tradingview.md) | +0.0% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/chinas-yuan-hits-32-month-high-pboc-carefully-lifts-midpoint-2026-01-26/

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