# USDCNY: Trading band to widen? – RBC CM — Octa

> RBC analysts noted SAFE Vice Head Yang Guozhong called for widening the yuan's plus or minus 2 percent daily trading band. The band is currently not a binding constraint.

- Date: 2017-07-19 · published 2017-07-19T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/70195-usdcny-trading-band-to-widen-rbc-cm-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A wider trading band would increase yuan volatility, which can affect the pricing of dollar-denominated feed imports into China.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-07-18 | [China will look to give its currency greater flexibility – RBC CM — Octa](https://feedsoft.ai/events/70198-china-will-look-to-give-its-currency-greater-flexibility-rbc-cm-octa.md) | -0.3% | -1.5% |
| USDCNY | 2017-07-12 | [PBOC: China should expand Renminbi's trading band - People's Daily Online](https://feedsoft.ai/events/70197-pboc-china-should-expand-renminbi-s-trading-band-people-s-daily-online.md) | -0.8% | -1.4% |
| USDCNY | 2024-12-31 | [China to lower dollar, euro and yen weightings in CFETS yuan basket in 2025](https://feedsoft.ai/events/27166-china-to-lower-dollar-euro-and-yen-weightings-in-cfets-yuan-basket-in-2025.md) | +0.4% | -0.8% |
| USDCNY | 2017-01-01 | [China tweaks yuan basket to play down US dollar \| South China Morning Post](https://feedsoft.ai/events/73191-china-tweaks-yuan-basket-to-play-down-us-dollar-south-china-morning-post.md) | -0.1% | -1.0% |
| USDCNY | 2023-01-13 | [China’s yuan: central bank to boost flexibility of exchange rate to handle ‘shocks’ from overseas monetary policy \| South China Morning Post](https://feedsoft.ai/events/37987-china-s-yuan-central-bank-to-boost-flexibility-of-exchange-rate-to-handle.md) | +0.7% | +1.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/467492/

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