# PBOC sets the Yuan reference rate at 6.6067 — Octa

> The PBOC set its yuan reference rate at 6.6067 per dollar, up from the previous fix of 6.6034. Nomura's model projected the fix at 6.6093.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/67715-pboc-sets-the-yuan-reference-rate-at-6-6067-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The routine fixing move has little direct effect on feed commodity prices. It only marks a small change in the yuan's cost for dollar-priced imports.

## Read by commodity

- USDCNY: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/516982/

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