# Chinese yuan strengthens to 6.6397 against USD Tuesday - Xinhua | English.news.cn

> China's central bank set the yuan's central parity rate 90 basis points stronger at 6.6397 per US dollar on Tuesday, October 31. The fixing is published daily by the China Foreign Exchange Trade System and sets the band for spot trading.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/68676-chinese-yuan-strengthens-to-6-6397-against-usd-tuesday-xinhua-english-news-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan modestly eases the cost of dollar-priced imports for China, which is a major buyer of soybeans, meal and corn. The effect on feed grain prices is small and routine.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-01 | [Chinese yuan strengthens to new high against USD - Xinhua \| English.news.cn](https://feedsoft.ai/events/66716-chinese-yuan-strengthens-to-new-high-against-usd-xinhua-english-news-cn.md) | -0.3% | +1.2% |
| USDCNY | 2019-11-07 | [Chinese yuan strengthens to 7.0008 against USD Thursday - Xinhua \| English.news.cn](https://feedsoft.ai/events/56298-chinese-yuan-strengthens-to-7-0008-against-usd-thursday-xinhua-english-news-cn.md) | +0.3% | +0.5% |
| 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 | 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

- xinhuanet.com: http://www.xinhuanet.com/english/2017-10/31/c_136716810.htm

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