# China’s yuan steadies ahead of Fed decision - Markets - Business Recorder

> China's yuan steadied against the dollar ahead of the Federal Reserve's policy decision, with the PBOC midpoint at a two-week high of 6.7492. Trading stayed in a tight range as volumes shrank and traders awaited the Fed's guidance on rate hikes.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/37554-china-s-yuan-steadies-ahead-of-fed-decision-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency moves were limited, so there is little direct change to the cost of dollar-priced feed imports for Chinese buyers.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-04-28 | [China's yuan steady as traders await Fed meet - Markets - Business Recorder](https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder.md) | +0.1% | -0.5% |
| USDCNY | 2023-01-31 | [China's yuan steadies ahead of Fed decision \| Kitco News](https://feedsoft.ai/events/37985-china-and-apos-s-yuan-steadies-ahead-of-fed-decision-kitco-news.md) | +0.6% | +2.7% |
| USDCNY | 2023-09-22 | [China’s yuan bounces on state bank support, offshore tightness - Markets - Business Recorder](https://feedsoft.ai/events/34329-china-s-yuan-bounces-on-state-bank-support-offshore-tightness-markets-business.md) | -0.1% | +0.1% |
| USDCNY | 2023-11-27 | [China’s yuan flat - Business & Finance - Business Recorder](https://feedsoft.ai/events/33390-china-s-yuan-flat-business-and-finance-business-recorder.md) | -0.1% | -0.2% |
| USDCNY | 2024-01-22 | [China’s yuan holds steady on unchanged lending rates; offshore yuan liquidity tight - Markets - Business Recorder](https://feedsoft.ai/events/32359-china-s-yuan-holds-steady-on-unchanged-lending-rates-offshore-yuan-liquidity.md) | -0.2% | -0.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40223715

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