# RMB Exchange Rate Is Undoubtedly Able to Remain Basically Stable at an Equilibrium and Adaptive Level-PBC Official Answers Press Questions on RMB Exchange Rate

> The PBC official said the yuan's move beyond 7 per dollar reflected market supply and demand and trade protectionism. The central bank said the currency would remain basically stable at an equilibrium level.

- Date: 2019-08-07 · published 2019-08-07T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/57795-rmb-exchange-rate-is-undoubtedly-able-to-remain-basically-stable-at-an
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The official stance that the yuan will stay stable limits expectations of further sharp depreciation, which modestly supports Chinese import demand for US farm goods.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-03-10 | [China won't use exchange rate for competition: Official \| The Straits Times](https://feedsoft.ai/events/60335-china-won-t-use-exchange-rate-for-competition-official-the-straits-times.md) | -0.1% | -0.0% |
| USDCNY | 2022-07-23 | [Chinese yuan relatively stable against rising U.S. dollar: official - People's Daily Online](https://feedsoft.ai/events/40706-chinese-yuan-relatively-stable-against-rising-u-s-dollar-official-people-s.md) | -0.1% | +1.0% |
| USDCNY | 2022-01-22 | [Yuan exchange rate seen staying stable - Chinadaily.com.cn](https://feedsoft.ai/events/43359-yuan-exchange-rate-seen-staying-stable-chinadaily-com-cn.md) | +0.3% | -0.2% |
| USDCNY | 2017-09-24 | [China wants to reduce control of changes in yuan's exchange rate - Chinadaily.com.cn](https://feedsoft.ai/events/69191-china-wants-to-reduce-control-of-changes-in-yuan-s-exchange-rate-chinadaily-com.md) | +1.0% | +0.7% |
| USDCNY | 2021-06-18 | [Central bank targets exchange rate stability - Chinadaily.com.cn](https://feedsoft.ai/events/7118-central-bank-targets-exchange-rate-stability-chinadaily-com-cn.md) | +0.3% | +0.5% |

## Sources

- pbc.gov.cn: https://www.pbc.gov.cn/english/130721/2025080815070385280/index.html

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