# China yuan rises ahead of Communist Party Congress

> The yuan strengthened in early Asian trade as the PBOC guided its midpoint higher, the first such move in two weeks. The People's Bank of China fixed the midpoint at 6.6273 per dollar, firmer than the prior day. The move came about a week before the 19th Communist Party Congress.

- Date: 2017-10-10 · published 2017-10-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6410-china-yuan-rises-ahead-of-communist-party-congress
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan lowers USD/CNY, which eases import costs for China's feed and grain buyers. The move looks aimed at stability rather than a sustained trend, so the price impact is limited.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2017-10-10 | 1 | -1.2% | -5.1 | The PBOC set a stronger midpoint for the first time in two weeks ahead of the Party Congress, signaling policy support for the yuan and prompting spot gains. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-08-27 | [The inexorable rise of the Chinese yuan](https://feedsoft.ai/events/51841-the-inexorable-rise-of-the-chinese-yuan.md) | -0.7% | -0.8% |
| USDCNY | 2016-06-20 | [Chinese yuan strengthens ahead of Brexit vote \| South China Morning Post](https://feedsoft.ai/events/10880-chinese-yuan-strengthens-ahead-of-brexit-vote-south-china-morning-post.md) | +0.5% | +1.8% |
| USDCNY | 2021-02-25 | [China Lets Yuan Rise Steadily, Pressuring Exporters](https://feedsoft.ai/events/48867-china-lets-yuan-rise-steadily-pressuring-exporters.md) | +0.2% | +1.0% |
| 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 | 2026-10-26 | [China’s yuan climbs to fresh 4-year high ahead of key policy meetings By Reuters](https://feedsoft.ai/events/17257-china-s-yuan-climbs-to-fresh-4-year-high-ahead-of-key-policy-meetings-by-reuters.md) | -0.2% | — |

## Sources

- cnbc.com: https://www.cnbc.com/2017/10/09/19th-national-congress-of-the-communist-party-yuan-strengthens-in-sign-of-overriding-stability.html

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