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

> 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.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/22639-the-usd-cny-central-rate-was-established-at-7-0843-by-the-pboc-lower-than
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## 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.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-07-12 | [PBOC sets USD/ CNY reference rate for today at 7.1315 (vs. estimate at 7.2514)](https://feedsoft.ai/events/12305-pboc-sets-usd-cny-reference-rate-for-today-at-7-1315-vs-estimate-at-7-2514.md) | +0.0% | -1.1% |
| USDCNY | 2017-06-28 | [MARKET BUZZ: USD/CNY Extends Fall To 2-Week Lows; Lower Fixing, Intervention Cited - Nikkei Asia](https://feedsoft.ai/events/11180-market-buzz-usd-cny-extends-fall-to-2-week-lows-lower-fixing-intervention-cited.md) | -0.2% | -0.8% |
| USDCNY | 2022-09-06 | [China’s yuan rebounds from 2-year low after PBOC cuts FX reserve ratio - Markets - Business Recorder](https://feedsoft.ai/events/12271-china-s-yuan-rebounds-from-2-year-low-after-pboc-cuts-fx-reserve-ratio-markets.md) | +0.4% | +3.1% |
| USDCNY | 2016-12-03 | [China should use part of its foreign reserves to stabilize yuan expectations: central bank adviser](https://feedsoft.ai/events/73694-china-should-use-part-of-its-foreign-reserves-to-stabilize-yuan-expectations.md) | +0.3% | +1.1% |
| USDCNY | 2019-05-17 | [China's central bank won't let yuan weaken past 7 to the dollar-sources](https://feedsoft.ai/events/59283-china-s-central-bank-won-t-let-yuan-weaken-past-7-to-the-dollar-sources.md) | +0.4% | +0.6% |

## Sources

- vtmarkets.com: https://www.vtmarkets.com/en-asia/live-updates/the-usd-cny-central-rate-was-established-at-7-0843-by-the-pboc-lower-than-before/

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