◂ Event Timeline

Oct 29, 2025POLICYChina

The USD/CNY central rate was established at 7.0843 by the PBOC, lower than before

The PBOC set the USD/CNY central rate at 7.0843 on Wednesday, stronger than the previous day's 7.0856 and a Reuters estimate of 7.0962. The fixing signals the central bank's intent to support the yuan and resist depreciation pressure.

WHY IT MATTERS

A stronger official fixing signals policy support for the yuan, which marginally lowers the local cost of dollar-priced feed imports. It is routine central bank fixing data with little direct feed impact.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
vtmarkets.comOct 29, 2025

Price reaction & history

Chinese Yuan (CNY per USD)▼bearishSO FAR1d -0.0%5d +0.4%20d -0.3%

After 50 past bearish policy events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (46% higher; middle half -0.4% to +0.4%), and -0.0% over 20.

Jul 12, 2024PBOC sets USD/ CNY reference rate for today at 7.1315 (vs. estimate at 7.2514)+0.0%
Jun 28, 2017MARKET BUZZ: USD/CNY Extends Fall To 2-Week Lows; Lower Fixing, Intervention Cited - Nikkei Asia-0.2%
Sep 6, 2022China’s yuan rebounds from 2-year low after PBOC cuts FX reserve ratio - Markets - Business Recorder+0.4%
Dec 3, 2016China should use part of its foreign reserves to stabilize yuan expectations: central bank adviser+0.3%
May 17, 2019China's central bank won't let yuan weaken past 7 to the dollar-sources+0.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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