# Yuan hits fresh 32-month high as dollar tumbles, PBOC boosts guidance | MarketScreener

> The yuan touched a new 32-month high against the dollar, reaching 6.9449 per dollar, after Beijing guided its currency higher amid broad greenback selling. The PBOC midpoint was set at 6.9755, still weaker than market projections, which suggests the central bank is allowing only gradual appreciation.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/21277-yuan-hits-fresh-32-month-high-as-dollar-tumbles-pboc-boosts-guidance
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Managed, gradual yuan gains limit the impact on China's import costs, so feed demand effects stay modest. The weaker dollar backdrop is the more important support for dollar-priced feed commodities.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-11-20 | [Australian dollar hits 3-month high, draws extra boost from firm yuan - Markets - Business Recorder](https://feedsoft.ai/events/33409-australian-dollar-hits-3-month-high-draws-extra-boost-from-firm-yuan-markets.md) | -0.8% | -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 | 2023-11-20 | [Dollar stumbles to over two-month low as markets eye Fed cuts](https://feedsoft.ai/events/12032-dollar-stumbles-to-over-two-month-low-as-markets-eye-fed-cuts.md) | -0.8% | -1.1% |
| USDCNY | 2025-08-29 | [Yuan hits fresh 10-month high on firm PBOC fixing, stock market rally — TradingView News](https://feedsoft.ai/events/23541-yuan-hits-fresh-10-month-high-on-firm-pboc-fixing-stock-market-rally.md) | +0.0% | +0.0% |
| USDCNY | 2025-09-01 | [Yuan trades near 10-month high on firm PBOC guidance, Fed outlook — TradingView News](https://feedsoft.ai/events/23117-yuan-trades-near-10-month-high-on-firm-pboc-guidance-fed-outlook-tradingview.md) | -0.0% | -0.2% |

## Sources

- marketscreener.com: https://www.marketscreener.com/news/yuan-hits-fresh-32-month-high-as-dollar-tumbles-pboc-boosts-guidance-ce7e5bd9d980f620

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