# Yuan jumps as PBOC reinstates fix factor - CGTN

> The yuan surged to a two-and-a-half week high against the dollar after the PBOC revived its counter-cyclical factor in the daily fixing. The official midpoint was set at 6.8508, stronger than Friday's fix.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/63746-yuan-jumps-as-pboc-reinstates-fix-factor-cgtn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan reduces the cost of dollar-priced US farm imports for China, supporting purchasing capacity for soybeans and feed ingredients.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-08-28 | [Chinese Yuan Rises After PBOC Fixing - WSJ](https://feedsoft.ai/events/23542-chinese-yuan-rises-after-pboc-fixing-wsj.md) | -0.2% | -0.3% |
| 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 | 2026-03-03 | [Yuan Rallies Most in 10 Months as PBOC Strengthens Fix Into NPC - Bloomberg](https://feedsoft.ai/events/9161-yuan-rallies-most-in-10-months-as-pboc-strengthens-fix-into-npc-bloomberg.md) | +0.4% | +0.4% |
| USDCNY | 2022-12-05 | [Yuan jumps past 7 per dollar as China eases some COVID curbs](https://feedsoft.ai/events/38449-yuan-jumps-past-7-per-dollar-as-china-eases-some-covid-curbs.md) | -0.9% | -1.5% |
| USDCNY | 2018-08-24 | [China central bank adjusts yuan fix factors to keep FX market stable \| Reuters](https://feedsoft.ai/events/63740-china-central-bank-adjusts-yuan-fix-factors-to-keep-fx-market-stable-reuters.md) | -0.5% | -0.3% |

## Sources

- news.cgtn.com: https://news.cgtn.com/news/3d3d414f31637a4e79457a6333566d54/index.html

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