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The PBOC set its dollar-yuan reference rate at 7.1063, weaker than the prior day's 7.1108 fix, and the yuan rose to its strongest level against the dollar since November 2024. ING analysts said Chinese authorities appear to want a stronger renminbi.
Persistent yuan strength against a weaker dollar reflects policy support that can affect China's import demand and the relative cost of US commodities for Chinese buyers.
wsj.comAug 28, 2025After 362 past bearish macro events, USDCNY moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
