# Chinese yuan strengthens to 6.7193 against USD Monday_Xinhua Finance Agency

> The People's Bank of China set the yuan's central parity at 6.7193 per dollar on April 1, a strengthening of 142 basis points. Spot trading is allowed to move up to 2% either side of the parity each day. The report is an automated daily fixing notice.

- Date: 2019-04-01 · published 2019-04-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/59807-chinese-yuan-strengthens-to-6-7193-against-usd-monday-xinhua-finance-agency
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger daily fixing modestly lowers the yuan cost of dollar-priced imports. The move is routine and has little direct effect on feed prices.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- en.xfafinance.com: http://en.xfafinance.com/html/Markets/Currencies/2019/381916.shtml

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