# China's yuan strengthens to more than 3-month high - Chinadaily.com.cn

> The PBOC's central parity rate for the yuan strengthened to 6.5416 per dollar on December 26, 2017, its highest since September 13. The central bank also said it would not conduct open market operations that day because banking liquidity was comparatively high.

- Date: 2017-12-26 · published 2017-12-26T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/67711-china-s-yuan-strengthens-to-more-than-3-month-high-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan fixing lowers the local cost of dollar-priced grain and meal imports, which can modestly support Chinese buying. The move is a routine fixing with no direct effect on feed supply.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-01-14 | [China's yuan strengthens to 5-month high - Chinadaily.com.cn](https://feedsoft.ai/events/55313-china-s-yuan-strengthens-to-5-month-high-chinadaily-com-cn.md) | +0.2% | +1.1% |
| USDCNY | 2018-02-08 | [Chinese yuan strengthens to new high against USD - Chinadaily.com.cn](https://feedsoft.ai/events/7105-chinese-yuan-strengthens-to-new-high-against-usd-chinadaily-com-cn.md) | +1.3% | +1.2% |
| USDCNY | 2017-08-10 | [China’s yuan strengthens to 10-month high against US dollar](https://feedsoft.ai/events/69675-china-s-yuan-strengthens-to-10-month-high-against-us-dollar.md) | +0.3% | -2.8% |
| USDCNY | 2018-01-25 | [Chinese yuan strengthens to 27-month high against USD Thursday](https://feedsoft.ai/events/11866-chinese-yuan-strengthens-to-27-month-high-against-usd-thursday.md) | -1.3% | -0.3% |
| USDCNY | 2017-09-08 | [Chinese yuan strengthens to near 16-month high against USD - People's Daily Online](https://feedsoft.ai/events/7803-chinese-yuan-strengthens-to-near-16-month-high-against-usd-people-s-daily-online.md) | +1.1% | +2.6% |

## Sources

- chinadaily.com.cn: http://www.chinadaily.com.cn/a/201712/26/WS5a41ea5fa31008cf16da385f.html

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