# USD/CNY: Twist the yuan fixing to deter speculative outflow - ING — Octa

> ING analyst Iris Pang says the PBoC added counter-cyclical factors to the yuan fixing formula, a move that produced a 0.55% yuan appreciation on June 1. ING notes the change is opaque because each bank can calibrate the factor.

- Date: 2017-06-22 · published 2017-06-22T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/70729-usd-cny-twist-the-yuan-fixing-to-deter-speculative-outflow-ing-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The fixing change is a policy tool that can keep the yuan from weakening further as the Fed tightens. Stable yuan conditions support Chinese import demand for dollar-priced feed ingredients.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-27 | [Exclusive: China prepares to tweak yuan fixing process to slow its fall -source](https://feedsoft.ai/events/7210-exclusive-china-prepares-to-tweak-yuan-fixing-process-to-slow-its-fall-source.md) | -0.4% | +1.8% |
| USDCNY | 2023-07-05 | [What's behind the firmer-than-expected yuan fixings?](https://feedsoft.ai/events/35263-what-s-behind-the-firmer-than-expected-yuan-fixings.md) | -0.4% | -0.9% |
| USDCNY | 2017-09-10 | [China's yuan slips, rally pauses after relaxation of FX outflow curbs - The Business Times](https://feedsoft.ai/events/9411-china-s-yuan-slips-rally-pauses-after-relaxation-of-fx-outflow-curbs-the.md) | +1.1% | +2.7% |
| USDCNY | 2017-06-28 | [MARKET BUZZ: USD/CNY Extends Fall To 2-Week Lows; Lower Fixing, Intervention Cited - Nikkei Asia](https://feedsoft.ai/events/11180-market-buzz-usd-cny-extends-fall-to-2-week-lows-lower-fixing-intervention-cited.md) | -0.2% | -0.8% |
| USDCNY | 2022-09-07 | [China Sets Yuan CNY USD Fix at 6.916 Per Dollar, Strongest Bias on Record - Bloomberg](https://feedsoft.ai/events/12269-china-sets-yuan-cny-usd-fix-at-6-916-per-dollar-strongest-bias-on-record.md) | -0.4% | +2.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/457018/

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