# PBOC sets yuan parity rate at 6.8792 against dollar - Forex Bangladesh

> The PBOC set the yuan midpoint at 6.8792 per dollar on April 20, versus the previous close of 6.8664. The central bank allows the dollar/yuan rate to move within 2% of the central parity. Traders watch 7 per dollar as a key level.

- Date: 2017-04-20 · published 2017-04-20T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/71713-pboc-sets-yuan-parity-rate-at-6-8792-against-dollar-forex-bangladesh
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker fixing is a routine currency move with little direct effect on feed commodity demand. It is a minor input for importers' cost of US goods.

## Read by commodity

- USDCNY: neutral

## Sources

- fxbangladesh.com: https://www.fxbangladesh.com/pboc-sets-yuan-parity-rate-6-8792-dollar/

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