# Yuan-Dollar Central Parity Rate Strengthens 220 Basis Points

> The PBOC set the yuan central parity rate at 6.6273 per dollar, down from the previous day's 6.6285 official close. The move halted a six-day decline. Onshore spot closed at 6.6248 and offshore at 6.6149.

- Date: 2017-10-10 · published 2017-10-10T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/6415-yuan-dollar-central-parity-rate-strengthens-220-basis-points
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The fixing ends a six-day slide in the yuan, a small easing of import costs for Chinese buyers. Commodity prices see little direct effect.

## 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 firmer central parity fix halted a six-day decline in the yuan, reinforcing the appreciation move on the day. |

## Sources

- yicaiglobal.com: https://www.yicaiglobal.com/news/yuan-dollar-central-parity-rate-strengthens-220-basis-points

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