# China central bank adjusts yuan fix factors to keep FX market stable | Reuters

> China's central bank adjusted the methodology it uses to set the yuan's daily fixing to keep the currency market stable. The article text is truncated and provides little further detail.

- Date: 2018-08-24 · published 2018-08-24T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/63740-china-central-bank-adjusts-yuan-fix-factors-to-keep-fx-market-stable-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A managed yuan path affects Chinese import purchasing power for US soybeans and feed ingredients, so currency stabilization can support demand for dollar-priced feed commodities.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-01-22 | [Exclusive: China moves to support yuan as stock markets tumble \| Reuters](https://feedsoft.ai/events/32350-exclusive-china-moves-to-support-yuan-as-stock-markets-tumble-reuters.md) | -0.2% | -0.0% |
| USDCNY | 2018-08-27 | [China sets yuan fix stronger than expected, revives 'X' factor By Reuters](https://feedsoft.ai/events/63742-china-sets-yuan-fix-stronger-than-expected-revives-x-factor-by-reuters.md) | +0.4% | +0.8% |
| USDCNY | 2022-10-17 | [EXCLUSIVE: Exclusive: China's state banks seen acquiring dollars in swaps market to stabilise yuan \| Reuters](https://feedsoft.ai/events/39358-exclusive-exclusive-china-s-state-banks-seen-acquiring-dollars-in-swaps-market.md) | +0.7% | -1.6% |
| USDCNY | 2023-08-24 | [China central bank boosts offshore bill sales to stabilise yuan, says ex-official](https://feedsoft.ai/events/34802-china-central-bank-boosts-offshore-bill-sales-to-stabilise-yuan-says-ex-official.md) | +0.1% | +0.4% |
| USDCNY | 2026-05-18 | [Global banks raise yuan forecasts, fuelled by China's export strength and stable US ties \| Reuters](https://feedsoft.ai/events/19487-global-banks-raise-yuan-forecasts-fuelled-by-china-s-export-strength-and-stable.md) | -0.2% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-yuan-factor/china-central-bank-adjusts-yuan-fix-factors-to-keep-fx-market-stable-idUSKCN1L91EH/

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