# China's PBOC sets yuan mid-point at strongest level since March 24, 2023 | MarketScreener Hong Kong

> The PBOC set the yuan midpoint at its strongest level since March 24. The reference rate strengthened against the dollar.

- Date: 2023-03-24 · published 2023-03-24T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/37093-china-s-pboc-sets-yuan-mid-point-at-strongest-level-since-march-24-2023
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan lowers the local cost of dollar-priced feed imports, which can support Chinese demand for soybeans, corn and meal. The move is small and routine.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- hk.marketscreener.com: https://hk.marketscreener.com/news/china-s-pboc-sets-yuan-mid-point-at-strongest-level-since-march-24-2023-ce7f5bd8dd8bf42c

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