# Chinese Yuan Rises After PBOC Fixing - WSJ

> 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.

- Date: 2025-08-28 · published 2025-08-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/23542-chinese-yuan-rises-after-pboc-fixing-wsj
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-10-01 | [Chinese Yuan Hits Strongest Level Since 2022 After PBOC Fixing](https://feedsoft.ai/events/17682-chinese-yuan-hits-strongest-level-since-2022-after-pboc-fixing.md) | -0.0% | -0.7% |
| USDCNY | 2026-03-01 | [Yuan Extends Advance After PBOC Sets Another Stronger Fixing](https://feedsoft.ai/events/20789-yuan-extends-advance-after-pboc-sets-another-stronger-fixing.md) | +0.6% | +0.8% |
| USDCNY | 2020-06-30 | [Chinese Yuan Gains on Strong PMI Readings, PBoC Easing](https://feedsoft.ai/events/52830-chinese-yuan-gains-on-strong-pmi-readings-pboc-easing.md) | -0.9% | -1.1% |
| USDCNY | 2020-08-27 | [The inexorable rise of the Chinese yuan](https://feedsoft.ai/events/51841-the-inexorable-rise-of-the-chinese-yuan.md) | -0.7% | -0.8% |
| USDCNY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.8% | +2.0% |
| DXY | 2020-08-27 | [The inexorable rise of the Chinese yuan](https://feedsoft.ai/events/51841-the-inexorable-rise-of-the-chinese-yuan.md) | -0.5% | +0.8% |
| DXY | 2018-02-01 | [Happy Chinese Yuan \| snaps \| ING THINK](https://feedsoft.ai/events/66715-happy-chinese-yuan-snaps-ing-think.md) | +0.9% | +1.7% |
| DXY | 2022-11-11 | [Dollar loses shine, yuan jumps after China modifies COVID protocol \| Financial Post](https://feedsoft.ai/events/8207-dollar-loses-shine-yuan-jumps-after-china-modifies-covid-protocol-financial-post.md) | -0.7% | -1.6% |

## Sources

- wsj.com: https://www.wsj.com/finance/currencies/asian-currencies-consolidate-fed-rate-cut-prospects-could-support-1ac05ca1

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