◂ Event Timeline

Jul 7, 2025MACROChina

Exclusive: China's central bank asks financial institutions about dollar weakness, sources say

Sources say the PBOC surveyed financial institutions about the causes of recent US dollar weakness and the outlook for the yuan. The survey asked about dollar movements and yuan exchange rate expectations.

WHY IT MATTERS

The central bank's fact-finding on currency moves signals possible policy adjustments, but it does not yet change trade flows or feed prices.

AFFECTSChinese Yuan (CNY per USD)

SOURCE
reuters.comJul 7, 2025

Price reaction & history

Chinese Yuan (CNY per USD)no directional readSO FAR1d +0.1%5d -0.0%20d +0.6%

After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.

May 1, 2025EXCLUSIVE: China's central bank asks state lenders to reduce dollar purchases, sources say-0.6%
Sep 14, 2023Exclusive: China asks big banks to stagger and adjust dollar purchases, sources say+0.2%
Aug 24, 2022EXCLUSIVE China regulator warns banks against yuan selling - sources | Reuters+0.9%
Aug 30, 2024China state banks buying dollars amid rapid yuan gains, sources say | Reuters-0.1%
Feb 28, 2025Exclusive: Chinese banks heed PBOC call to cut dollar deposit rates, say sources-0.5%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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