# Chinese yuan strengthens to 7.0066 against USD Friday_Xinhua Finance Agency

> The PBoC's daily central parity rate for the yuan strengthened by 149 pips to 7.0066 per dollar on Friday. The yuan can trade up to 2% either side of this fixing each day.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/54797-chinese-yuan-strengthens-to-7-0066-against-usd-friday-xinhua-finance-agency
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

This is routine currency fixing with a small move, so it has little direct effect on feed prices. A firmer yuan slightly lowers the cost of dollar-priced imports for Chinese buyers.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- en.xfafinance.com: http://en.xfafinance.com/html/Markets/Currencies/2020/517191.shtml

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