# Yuan Volatility Climbs With Spot After Strong Fix, Zhou Comments - Bloomberg

> China's yuan rebounded after week-long holidays and rose 0.6 percent to 6.5838 per dollar. One-month implied volatility climbed to 5.78 percent, the highest since January. The move followed central bank governor Zhou Xiaochuan's call for a more market-based FX mechanism.

- Date: 2017-10-10 · published 2017-10-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6412-yuan-volatility-climbs-with-spot-after-strong-fix-zhou-comments-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan and higher volatility raise hedging costs and make Chinese import prices less predictable. The effect on feed commodity prices is modest.

## 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 | Yuan rebounded sharply after the holidays following Zhou Xiaochuan's call for market-based FX and a strong fix, directly driving the large one-day CNY appreciation and higher volatility. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-12-31 | [Chinese Yuan Reaches 3-Year High With PBOC Reluctant for Stronger CNY in 2022 - Bloomberg](https://feedsoft.ai/events/43814-chinese-yuan-reaches-3-year-high-with-pboc-reluctant-for-stronger-cny-in-2022.md) | +0.1% | -0.2% |
| USDCNY | 2017-06-01 | [Yuan's Forecasters Getting It Wrong as China Jolts Markets - Bloomberg](https://feedsoft.ai/events/70728-yuan-s-forecasters-getting-it-wrong-as-china-jolts-markets-bloomberg.md) | -0.2% | -0.2% |
| USDCNY | 2019-08-06 | [Wall Street climbs more than 1% after China moves on yuan](https://feedsoft.ai/events/8380-wall-street-climbs-more-than-1-after-china-moves-on-yuan.md) | +0.1% | +1.9% |
| USDCNY | 2026-03-01 | [Yuan Extends Advance After PBOC Sets Another Stronger Fixing](https://feedsoft.ai/events/20789-yuan-extends-advance-after-pboc-sets-another-stronger-fixing.md) | +0.6% | +0.8% |
| USDCNY | 2026-10-01 | [Chinese Yuan Hits Strongest Level Since 2022 After PBOC Fixing](https://feedsoft.ai/events/17682-chinese-yuan-hits-strongest-level-since-2022-after-pboc-fixing.md) | -0.0% | -0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-10-10/yuan-volatility-climbs-with-spot-after-strong-fix-zhou-comments

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