# China’s yuan eases, but losses capped by PBOC’s strong fixing bias - Markets - Business Recorder

> China's yuan eased against a strengthening dollar on Thursday, but losses were capped as the PBOC kept its official fixing strong. The midpoint was set at 7.1784, about 1,481 pips firmer than Reuters estimates, to stem rapid depreciation.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/33858-china-s-yuan-eases-but-losses-capped-by-pboc-s-strong-fixing-bias-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The PBOC's strong fixing limits yuan weakness, so the impact on dollar-priced feed imports stays small. Continued official support reduces the risk of a sharp currency-driven shift in Chinese import costs.

## Read by commodity

- USDCNY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40270117

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