# Opinion | Why PBOC’s halt in currency intervention may be temporary | South China Morning Post

> The PBOC largely halted currency intervention in March, with China's FX reserves edging up to $3.009 trillion at end-March. Analysts said the halt may be temporary and the yuan could depreciate again if the US dollar rallies. Moderating capital outflows were also cited.

- Date: 2017-04-10 · published 2017-04-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/71711-opinion-why-pboc-s-halt-in-currency-intervention-may-be-temporary-south-china
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Renewed yuan weakness would raise the cost of imports in dollar terms for Chinese buyers and could reduce their purchasing of US feed commodities. The effect on prices is modest and indirect.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-10-18 | [China has ‘halted intervention in yuan exchange rate market’ \| South China Morning Post](https://feedsoft.ai/events/68678-china-has-halted-intervention-in-yuan-exchange-rate-market-south-china-morning.md) | +0.2% | -0.0% |
| 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 | 2017-02-22 | [Across The Border \| Why the PBOC has changed the way it computes the yuan’s daily midpoint \| South China Morning Post](https://feedsoft.ai/events/72720-across-the-border-why-the-pboc-has-changed-the-way-it-computes-the-yuan-s-daily.md) | -0.2% | +0.0% |
| USDCNY | 2018-02-09 | [China says yuan no longer a one-way bet as currency slides against US dollar \| South China Morning Post](https://feedsoft.ai/events/66717-china-says-yuan-no-longer-a-one-way-bet-as-currency-slides-against-us-dollar.md) | +0.3% | +0.1% |
| USDCNY | 2024-08-30 | [China’s yuan volatility rising on interest rates, US presidential election: Goldman \| South China Morning Post](https://feedsoft.ai/events/29023-china-s-yuan-volatility-rising-on-interest-rates-us-presidential-election.md) | -0.1% | -1.2% |

## Sources

- scmp.com: https://www.scmp.com/business/article/2086403/why-pbocs-halt-currency-intervention-may-be-temporary

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