# China’s currency balancing act | ANZ

> ANZ economists argue the PBoC is balancing financial stability against the economic benefits of a weaker currency, and that Chinese authorities are more concerned about yuan depreciation. The note links recent yuan swings to the CFETS basket and to the upcoming Party Congress and capital account policy.

- Date: 2017-10-04 · published 2017-10-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/68680-china-s-currency-balancing-act-anz
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of a managed yuan shape the cost of dollar-priced feed imports into China over coming months. The analysis is background and does not itself move prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-04-17 | [China currency moves hang in the balance in U.S. trade spat \| Reuters](https://feedsoft.ai/events/65710-china-currency-moves-hang-in-the-balance-in-u-s-trade-spat-reuters.md) | +0.6% | +1.0% |
| USDCNY | 2018-05-10 | [Opinion: Why China’s Currency Is Becoming a Safe Haven - Caixin Global](https://feedsoft.ai/events/65236-opinion-why-china-s-currency-is-becoming-a-safe-haven-caixin-global.md) | +0.2% | +0.5% |
| USDCNY | 2023-12-27 | [How China Manages Its Currency—and Why That Matters](https://feedsoft.ai/events/32924-how-china-manages-its-currency-and-why-that-matters.md) | +0.1% | +0.4% |
| USDCNY | 2018-11-14 | [US-China trade war: Tariffs spur record dollar-yuan currency trading](https://feedsoft.ai/events/62265-us-china-trade-war-tariffs-spur-record-dollar-yuan-currency-trading.md) | -0.1% | -1.1% |
| USDCNY | 2017-07-04 | [China's yuan gains, but market wary of Beijing's currency policy - The Business Times](https://feedsoft.ai/events/70196-china-s-yuan-gains-but-market-wary-of-beijing-s-currency-policy-the-business.md) | +0.0% | -1.2% |

## Sources

- anz.com.au: https://www.anz.com.au/bluenotes/2017/10/china-s-currency-balancing-act/

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