# Chinese yuan strengthens to 6.9902 against USD Thursday - Chinadaily.com.cn

> The PBOC central parity rate strengthened 67 pips to 6.9902 per dollar on July 30. The yuan is allowed to trade within 2 percent of the parity each day.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/52328-chinese-yuan-strengthens-to-6-9902-against-usd-thursday-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A routine fixing move has little direct effect on agricultural prices, though a firmer yuan marginally eases the cost of dollar-priced imports.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/202007/30/WS5f227908a31083481725d2c9.html

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