# Chinese yuan weakens

> The PBOC's central parity rate weakened 14 basis points to 6.6487 per US dollar on Monday, October 30, according to the China Foreign Exchange Trade System. The yuan may move 2 percent either side of the fixing each day.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/68679-chinese-yuan-weakens
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A small move in the fixing has little direct effect on feed ingredient prices. It is routine currency reporting that only describes a small move.

## Read by commodity

- USDCNY: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/news-ians/chinese-yuan-weakens-114091600104_1.html

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