# China Changes the Way It Manages Yuan After Currency's Jump - Bloomberg

> China's central bank changed the regime used to manage the yuan, effectively removing a component banks use when submitting quotes for the daily reference rate. The change was reported by people familiar with the matter. The yuan had recently jumped against the dollar.

- Date: 2018-01-09 · published 2018-01-09T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/67197-china-changes-the-way-it-manages-yuan-after-currency-s-jump-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The change gives the market more influence over the yuan, which could bring a weaker currency at times and raise the yuan price of dollar-denominated feed imports. Its effect on feed demand depends on how far the currency moves.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-01-05 | [China Can't Hide Yuan's Dangerous Dollar Dependency - Bloomberg](https://feedsoft.ai/events/73187-china-can-t-hide-yuan-s-dangerous-dollar-dependency-bloomberg.md) | +0.1% | -1.0% |
| USDCNY | 2022-09-26 | [China Lets Its Currency Weaken Past a Key Barrier and Tries to Manage the Fall](https://feedsoft.ai/events/7211-china-lets-its-currency-weaken-past-a-key-barrier-and-tries-to-manage-the-fall.md) | -0.2% | +1.9% |
| USDCNY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.2% | +0.3% |
| USDCNY | 2016-06-27 | [How China’s yuan could be the currency whipping boy of Brexit - MarketWatch](https://feedsoft.ai/events/12455-how-china-s-yuan-could-be-the-currency-whipping-boy-of-brexit-marketwatch.md) | +0.6% | +1.0% |
| USDCNY | 2021-06-17 | [China’s PBOC Braces for Weaker Yuan as Fed Plans Tapering - Bloomberg](https://feedsoft.ai/events/7116-china-s-pboc-braces-for-weaker-yuan-as-fed-plans-tapering-bloomberg.md) | +1.2% | +1.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-01-09/china-is-said-to-shift-way-it-manages-yuan-after-currency-s-jump

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