# Yuan rallies as Chinese central bank revives pricing support - Nikkei Asia

> The yuan rose about 1% on Aug 27 to a four-week high near 6.81 per dollar after the PBOC reintroduced a fixing measure to support the currency. The move drew criticism as market tampering.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/63744-yuan-rallies-as-chinese-central-bank-revives-pricing-support-nikkei-asia
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan lowers the local-currency cost of US feed and oilseed imports, which can support Chinese demand for these commodities.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-03-27 | [China’s Central Bank Sends Yuan Surging](https://feedsoft.ai/events/66212-china-s-central-bank-sends-yuan-surging.md) | +0.2% | +0.8% |
| USDCNY | 2025-01-10 | [China's central bank halts bond buying as yuan struggles](https://feedsoft.ai/events/26717-china-s-central-bank-halts-bond-buying-as-yuan-struggles.md) | -0.0% | -0.5% |
| USDCNY | 2025-09-06 | [China’s yuan rallies with central bank backing as worries mount over US dollar \| South China Morning Post](https://feedsoft.ai/events/23115-china-s-yuan-rallies-with-central-bank-backing-as-worries-mount-over-us-dollar.md) | -0.1% | -0.2% |
| USDCNY | 2021-01-06 | [China's yuan softens as central bank hints at preference for slower gains - Markets - Business Recorder](https://feedsoft.ai/events/12068-china-s-yuan-softens-as-central-bank-hints-at-preference-for-slower-gains.md) | +0.1% | +0.3% |
| USDCNY | 2023-06-29 | [Policy measures China's central bank could use to stem yuan weakness](https://feedsoft.ai/events/35711-policy-measures-china-s-central-bank-could-use-to-stem-yuan-weakness.md) | +0.1% | -1.0% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yuan-rallies-as-chinese-central-bank-revives-pricing-support

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