◂ Event Timeline

Apr 27, 2017POLICYChina

China to push yuan internationalization, free trade: central bank official

Central bank vice governor Fan Yifei said China will keep pushing yuan internationalization and promote free trade and investment. The remarks were made on April 27.

The article is a short excerpt.

WHY IT MATTERS

Policy aimed at wider yuan use has little direct effect on feed grain prices. It is a background signal about currency policy rather than a supply or demand driver.

AFFECTSChinese Yuan (CNY per USD)

SOURCE
reuters.comApr 27, 2017

Price reaction & history

Chinese Yuan (CNY per USD)no directional readSO FAR1d +0.1%5d +0.1%20d -0.1%

After 138 past policy events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (47% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Sep 6, 2022Why China's central bank is shoring up the yuan+0.4%
Jul 6, 2023China's yuan firms as central bank pledges again to stabilize currency-1.1%
Dec 3, 2016China should use part of its foreign reserves to stabilize yuan expectations: central bank adviser+0.3%
Feb 25, 2019China central bank vows to make yuan more flexible - Gulf Times-0.1%
Sep 29, 2022Exclusive: China's state banks told to stock up for yuan intervention-1.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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