# Chinese yuan weakens to 6.6957 against USD Friday_Xinhua Finance Agency

> The Chinese central parity rate weakened 56 basis points to 6.6957 per US dollar on March 1. The yuan is permitted to trade within 2% of the central parity each day.

- Date: 2019-03-01 · published 2019-03-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/60333-chinese-yuan-weakens-to-6-6957-against-usd-friday-xinhua-finance-agency
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Routine fixing moves give limited direction for feed prices, though a weaker yuan modestly raises the cost of dollar-priced imports.

## Read by commodity

- USDCNY: neutral

## Sources

- en.xfafinance.com: http://en.xfafinance.com/html/Markets/Currencies/2019/369674.shtml

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