# CNY: A considered move from the PBoC – ING

> ING's FX analysts say the PBoC is fixing USD/CNY decidedly lower, signaling a preference for a stronger renminbi to improve its international status and support household purchasing power. ING sees downside risks to its year-end USD/CNY forecast of 7.13 and expects the stronger yuan could lift the rand, Australian dollar and Brazilian real.

- Date: 2025-08-28 · published 2025-08-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/23545-cny-a-considered-move-from-the-pboc-ing
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger yuan could ease China's import costs and support emerging-market currencies that are major grain and oilseed exporters, which marginally supports demand for their commodity exports.

## Read by commodity

- AUDUSD: bullish ▲
- USDBRL: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-08-31 | [CNY seems to have decoupled from the broader market - Westpac — Octa](https://feedsoft.ai/events/69674-cny-seems-to-have-decoupled-from-the-broader-market-westpac-octa.md) | -1.7% | +1.0% |
| USDCNY | 2019-10-29 | [PBOC set the onshore yuan at its strongest in 2 months](https://feedsoft.ai/events/56809-pboc-set-the-onshore-yuan-at-its-strongest-in-2-months.md) | -0.5% | -0.5% |
| USDCNY | 2017-10-12 | [USD/CNY: Volatility interpreted as more to the downside - Westpac — Octa](https://feedsoft.ai/events/6411-usd-cny-volatility-interpreted-as-more-to-the-downside-westpac-octa.md) | +0.6% | +0.6% |
| USDCNY | 2017-05-24 | [The Chinese Yuan Jumps to a 2-Month High - Business Insider](https://feedsoft.ai/events/8838-the-chinese-yuan-jumps-to-a-2-month-high-business-insider.md) | -1.1% | -0.9% |
| USDCNY | 2024-04-23 | [Where king dollar is causing pain the most](https://feedsoft.ai/events/30983-where-king-dollar-is-causing-pain-the-most.md) | -0.1% | -0.1% |
| USDBRL | 2024-07-10 | [Latam FX Talking: Making the most of a short-lived rebound \| articles \| ING THINK](https://feedsoft.ai/events/9456-latam-fx-talking-making-the-most-of-a-short-lived-rebound-articles-ing-think.md) | +0.5% | +3.9% |
| USDBRL | 2024-02-16 | [Latam FX Talking: Rethinking the real \| ING THINK](https://feedsoft.ai/events/31876-latam-fx-talking-rethinking-the-real-ing-think.md) | +0.0% | +0.4% |
| USDBRL | 2021-11-17 | [LATAM FX Outlook 2022: Return of the Pink Tide? \| articles \| ING THINK](https://feedsoft.ai/events/44256-latam-fx-outlook-2022-return-of-the-pink-tide-articles-ing-think.md) | +2.7% | +3.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/cny-a-considered-move-from-the-pboc-ing-202508280915

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