# China will look to give its currency greater flexibility – RBC CM — Octa

> PBOC MPC member Huang Yiping said China will give its currency greater flexibility, expand its free floating range and reduce FX intervention. The comments came ahead of the US-China Comprehensive Economic Dialogue in Washington.

- Date: 2017-07-18 · published 2017-07-18T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/70198-china-will-look-to-give-its-currency-greater-flexibility-rbc-cm-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Signals of greater yuan flexibility add currency uncertainty to China's dollar-priced grain and feed purchases, with limited direct price impact.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-03-26 | [RMB rate flexibility stays firmly on agenda \| govt.chinadaily.com.cn](https://feedsoft.ai/events/60334-rmb-rate-flexibility-stays-firmly-on-agenda-govt-chinadaily-com-cn.md) | +0.0% | +0.0% |
| USDCNY | 2017-07-19 | [USDCNY: Trading band to widen? – RBC CM — Octa](https://feedsoft.ai/events/70195-usdcny-trading-band-to-widen-rbc-cm-octa.md) | +0.1% | -0.9% |
| USDCNY | 2017-05-27 | [China Tweaks Yuan’s Fix to Keep Currency Stable - Caixin Global](https://feedsoft.ai/events/5661-china-tweaks-yuan-s-fix-to-keep-currency-stable-caixin-global.md) | -0.7% | -0.2% |
| USDCNY | 2017-07-03 | [China's new yuan factor comes into play when currency weakens \| Reuters](https://feedsoft.ai/events/70193-china-s-new-yuan-factor-comes-into-play-when-currency-weakens-reuters.md) | +0.3% | -0.8% |
| USDCNY | 2021-12-09 | [China tightens control to restrain currency's rise \| AP News](https://feedsoft.ai/events/43818-china-tightens-control-to-restrain-currency-s-rise-ap-news.md) | +0.4% | +0.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/466897/

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