# China’s yuan inches lower, traders cautious ahead of US Fed chair’s speech - Markets - Business Recorder

> The yuan inched lower on August 25 amid broad dollar strength ahead of a Fed chair speech. The PBOC continued setting stronger-than-expected daily fixings, and the yuan is up 0.3% for the week but down over 5% this year.

- Date: 2023-08-25 · published 2023-08-25T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/34804-china-s-yuan-inches-lower-traders-cautious-ahead-of-us-fed-chair-s-speech
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan volatility and PBOC support shape the affordability of Chinese imports, a routine currency wrap with limited direct feed price impact.

## Read by commodity

- USDCNY: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40259760

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