# Explainer: the PBOC USD/CNY fix and how it impacts FX markets

> The article explains how the PBOC sets the daily USD/CNY fixing and how the yuan's rising share of global FX turnover makes the fix increasingly influential. It notes the fix can be used to counteract market forces and create volatility in other currencies.

- Date: 2024-03-26 · published 2024-03-26T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/31446-explainer-the-pboc-usd-cny-fix-and-how-it-impacts-fx-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Because the fix can shift regional currencies and asset prices, it matters to feed buyers pricing Asian import demand. The article is background explainer material with no new price driver.

## Sources

- forex.com: https://www.forex.com/en/news-and-analysis/explainer-the-pboc-usd-cny-fix-and-how-it-impacts-fx-markets/

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