# China’s central bank vows to enhance yuan amid looming risks from strong US dollar | South China Morning Post

> The PBOC pledged to expand the cross-border use of the yuan and develop offshore yuan markets after its 2025 macroprudential work conference. The move comes as a strong US dollar pressures global currencies and Trump threatens tariffs on BRICS members. The central bank also signaled it may adjust the daily yuan fixing to resist depreciation.

- Date: 2025-02-21 · published 2025-02-21T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/26298-china-s-central-bank-vows-to-enhance-yuan-amid-looming-risks-from-strong-us
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Policy steps to support the yuan can stabilize Chinese import demand for dollar-priced feed commodities. The direct price effect on grains and meal is limited.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-04-27 | [China economy: Central bank tries to slow weakening yuan vs US dollar](https://feedsoft.ai/events/4947-china-economy-central-bank-tries-to-slow-weakening-yuan-vs-us-dollar.md) | +0.8% | +1.5% |
| USDCNY | 2019-05-17 | [China's central bank won't let yuan weaken past 7 to the dollar-sources](https://feedsoft.ai/events/59283-china-s-central-bank-won-t-let-yuan-weaken-past-7-to-the-dollar-sources.md) | +0.4% | +0.6% |
| USDCNY | 2024-12-19 | [China's central bank offers strongest yuan support since July after dollar gains](https://feedsoft.ai/events/27167-china-s-central-bank-offers-strongest-yuan-support-since-july-after-dollar-gains.md) | +0.2% | +0.5% |
| USDCNY | 2022-09-06 | [Why China's central bank is shoring up the yuan](https://feedsoft.ai/events/12268-why-china-s-central-bank-is-shoring-up-the-yuan.md) | +0.4% | +3.1% |
| USDCNY | 2022-08-25 | [Dollar Vs. Yuan: China Acts to Prop up Faltering Currency With Strong Fix - Markets Insider](https://feedsoft.ai/events/40264-dollar-vs-yuan-china-acts-to-prop-up-faltering-currency-with-strong-fix-markets.md) | +0.5% | +3.2% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3299477/chinas-central-bank-vows-enhance-yuan-amid-looming-risks-strong-us-dollar

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