# China’s yuan rallies with central bank backing as worries mount over US dollar | South China Morning Post

> The People's Bank of China pushed the yuan's reference rate from 7.1321 to 7.1030 per dollar over five trading days, a move analysts said matched the change of the prior two months. Economists attribute the rally mainly to central bank guidance rather than market forces. Investor concern over Federal Reserve independence is adding to dollar weakness.

- Date: 2025-09-06 · published 2025-09-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/23115-china-s-yuan-rallies-with-central-bank-backing-as-worries-mount-over-us-dollar
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

State-guided yuan appreciation makes dollar-priced imports cheaper for China and may keep Beijing's exporters' competitiveness in check. The gains are seen as measured, so the effect on feed commodity demand is likely limited.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2016-11-28 | [China’s central bank talks up the yuan against US dollar ‘uncertainties’ \| South China Morning Post](https://feedsoft.ai/events/74062-china-s-central-bank-talks-up-the-yuan-against-us-dollar-uncertainties-south.md) | -0.5% | +0.4% |
| USDCNY | 2022-12-01 | [US dollar strength has ‘reached peak’, China’s central bank says, as Fed considers scaling back rate hikes \| South China Morning Post](https://feedsoft.ai/events/6579-us-dollar-strength-has-reached-peak-china-s-central-bank-says-as-fed-considers.md) | -1.7% | -1.8% |
| USDCNY | 2025-11-26 | [China sets strongest yuan fix in over a year as Fed-cut bets rise \| South China Morning Post](https://feedsoft.ai/events/22172-china-sets-strongest-yuan-fix-in-over-a-year-as-fed-cut-bets-rise-south-china.md) | -0.3% | -1.0% |
| USDCNY | 2022-12-05 | [China’s yuan strengthens past 7 per US dollar amid easing of coronavirus curbs \| South China Morning Post](https://feedsoft.ai/events/6581-china-s-yuan-strengthens-past-7-per-us-dollar-amid-easing-of-coronavirus-curbs.md) | -0.9% | -1.5% |
| USDCNY | 2019-07-31 | [Opinion \| Why China may be ready for a strong yuan, and the US could follow up with a weak dollar policy \| South China Morning Post](https://feedsoft.ai/events/58328-opinion-why-china-may-be-ready-for-a-strong-yuan-and-the-us-could-follow-up.md) | +2.0% | +4.0% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3324501/chinas-yuan-rallies-central-bank-backing-worries-mount-over-us-dollar

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