# Exclusive: China prepares to tweak yuan fixing process to slow its fall -source

> China is preparing to adjust its yuan fixing process to slow the currency's fall, according to sources. Pressure has come from foreign portfolio outflows and the PBOC's rate cut in August while other central banks raised rates.

- Date: 2022-09-27 · published 2022-09-27T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/7210-exclusive-china-prepares-to-tweak-yuan-fixing-process-to-slow-its-fall-source
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A managed slowdown in yuan depreciation would modestly support Chinese import purchasing power, but the impact on feed commodity prices is indirect.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2022-09-29 | 1 | -1.1% | -4.4 | Reports of a planned tweak to the fixing process signaled authorities would lean against the fall, supporting the yuan's rebound. |
| USDCNY | 2022-09-27 | 5 | +2.3% | 3.8 | Reports of fixing tweaks to slow the fall confirm depreciation pressure from portfolio outflows and policy divergence, though they act as a brake rather than a driver. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-29 | [Exclusive: China's state banks told to stock up for yuan intervention](https://feedsoft.ai/events/7209-exclusive-china-s-state-banks-told-to-stock-up-for-yuan-intervention.md) | -1.2% | +0.3% |
| USDCNY | 2026-02-27 | [China encourages dollar buying to slow surging yuan \| Reuters](https://feedsoft.ai/events/7895-china-encourages-dollar-buying-to-slow-surging-yuan-reuters.md) | +0.7% | +1.0% |
| USDCNY | 2022-04-27 | [China economy: Central bank tries to slow weakening yuan vs US dollar](https://feedsoft.ai/events/4947-china-economy-central-bank-tries-to-slow-weakening-yuan-vs-us-dollar.md) | +0.8% | +1.5% |
| USDCNY | 2019-05-17 | [China's central bank won't let yuan weaken past 7 to the dollar-sources](https://feedsoft.ai/events/59283-china-s-central-bank-won-t-let-yuan-weaken-past-7-to-the-dollar-sources.md) | +0.4% | +0.6% |
| USDCNY | 2022-08-25 | [Dollar Vs. Yuan: China Acts to Prop up Faltering Currency With Strong Fix - Markets Insider](https://feedsoft.ai/events/40264-dollar-vs-yuan-china-acts-to-prop-up-faltering-currency-with-strong-fix-markets.md) | +0.5% | +3.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/09/28/china-prepares-to-tweak-yuan-fixing-process-to-slow-its-fall-reuters.html
- reuters.com: https://www.reuters.com/markets/asia/exclusive-china-prepares-tweak-yuan-fixing-process-slow-its-fall-source-2022-09-27/

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