# China’s yuan holds steady ahead of week-long holiday - Markets - Business Recorder

> The yuan held steady against the dollar on September 28 ahead of China's National Day holiday, with the PBOC setting a midpoint at 7.1798, weaker than the previous fix but still far firmer than Reuters estimates. Trading was thin, with turnover well below normal levels.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/34328-china-s-yuan-holds-steady-ahead-of-week-long-holiday-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Routine currency moves with a holiday-thinned market add little new price direction for feed commodities, though the persistent weak yuan keeps Chinese import costs elevated.

## Sources

- brecorder.com: https://www.brecorder.com/news/40265562

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