# Chinese yuan strengthens to 7.1781 against USD Monday-Xinhua

> The People's Bank of China set the yuan's central parity rate at 7.1781 per US dollar on Monday, 1 pip stronger than the prior day. The yuan may trade up to 2% either side of this reference rate in spot trading.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/33860-chinese-yuan-strengthens-to-7-1781-against-usd-monday-xinhua
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

This is a routine daily fixing with no new driver, so it has little direct effect on feed commodity prices. It only signals the PBOC's ongoing managed stability for the currency.

## Read by commodity

- USDCNY: neutral

## Sources

- english.news.cn: http://english.news.cn/20231030/25056a1e1abe4c889e440eb30075eeb8/c.html

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