# China’s yuan flat - Business & Finance - Business Recorder

> China's yuan was mostly flat against the dollar on Friday after a sharp rally earlier in the week. The PBOC set its midpoint fix at a 5-1/2 month high, firmer than market projections. Investors were awaiting November purchasing managers index data.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/33390-china-s-yuan-flat-business-and-finance-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

With the yuan consolidating, there is no new currency-driven change to China's import demand or to dollar-priced commodities. Attention shifts to the PMI as the next signal for Chinese feed demand.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-03-01 | [Yuan eases - Business & Finance - Business Recorder](https://feedsoft.ai/events/42486-yuan-eases-business-and-finance-business-recorder.md) | +0.2% | +1.0% |
| USDCNY | 2026-04-28 | [China's yuan steady as traders await Fed meet - Markets - Business Recorder](https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder.md) | +0.1% | -0.5% |
| USDCNY | 2023-02-01 | [China’s yuan steadies ahead of Fed decision - Markets - Business Recorder](https://feedsoft.ai/events/37554-china-s-yuan-steadies-ahead-of-fed-decision-markets-business-recorder.md) | +0.5% | +1.7% |
| USDCNY | 2023-09-22 | [China’s yuan bounces on state bank support, offshore tightness - Markets - Business Recorder](https://feedsoft.ai/events/34329-china-s-yuan-bounces-on-state-bank-support-offshore-tightness-markets-business.md) | -0.1% | +0.1% |
| USDCNY | 2024-11-29 | [China’s yuan to snap 8-week losing streak; Trump worries linger - Markets - Business Recorder](https://feedsoft.ai/events/27627-china-s-yuan-to-snap-8-week-losing-streak-trump-worries-linger-markets-business.md) | +0.1% | +0.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40275258

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