# Briefly - Chinadaily.com.cn

> The yuan's central parity rate strengthened 53 pips to 7.0943 against the dollar on Tuesday. The PBOC also conducted a 5 billion yuan three-month central bank bills swap at a fixed 0.1 percent rate to add liquidity.

- Date: 2024-03-27 · published 2024-03-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/31445-briefly-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer official fix and liquidity injection reduce near-term currency stress on Chinese importers of feed commodities. The impact on grain and oilseed prices is marginal.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-05-31 | [Experts: Yuan set to remain largely stable - Chinadaily.com.cn](https://feedsoft.ai/events/36176-experts-yuan-set-to-remain-largely-stable-chinadaily-com-cn.md) | +0.6% | +2.3% |
| USDCNY | 2024-10-07 | [Renminbi on track for stability against USD - Chinadaily.com.cn](https://feedsoft.ai/events/11043-renminbi-on-track-for-stability-against-usd-chinadaily-com-cn.md) | +0.7% | +1.2% |
| USDCNY | 2018-05-22 | [RMB rate expected to follow a two-way fluctuation path in 2018 - Chinadaily.com.cn](https://feedsoft.ai/events/65233-rmb-rate-expected-to-follow-a-two-way-fluctuation-path-in-2018-chinadaily-com-cn.md) | +0.5% | +1.5% |
| USDCNY | 2025-08-04 | [China – the CNY and deflationary equilibrium](https://feedsoft.ai/events/10147-china-the-cny-and-deflationary-equilibrium.md) | -0.4% | -1.1% |
| USDCNY | 2017-10-04 | [China’s currency balancing act \| ANZ](https://feedsoft.ai/events/68680-china-s-currency-balancing-act-anz.md) | -1.0% | -0.8% |

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/202403/27/WS66038832a31082fc043beebc.html

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