# USD/CNH is flashing green as PBOC fixed CNY midpoint at weakest since Mar. 15, 2017 — Octa

> The offshore yuan rose against the dollar after the PBOC set its daily midpoint at 6.9072, weaker than Reuters' estimate of 6.9009. The article also cites a Reuters poll expecting the yuan to pare losses over the next year.

- Date: 2017-03-15 · published 2017-03-15T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/72224-usd-cnh-is-flashing-green-as-pboc-fixed-cny-midpoint-at-weakest-since-mar-15
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker-than-expected fixing signals official tolerance for yuan weakness, which can lift the dollar cost of Chinese imports. The effect on feed prices is indirect and short-lived.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-11-07 | [CNY/USD: China Sets Yuan Fix at Weakest Since 2023 - Bloomberg](https://feedsoft.ai/events/6857-cny-usd-china-sets-yuan-fix-at-weakest-since-2023-bloomberg.md) | +0.7% | +1.3% |
| USDCNY | 2022-10-25 | [China’s Yuan CNY USD Drops as PBOC Sets Fix at Weakest Level in 14 Years - Bloomberg](https://feedsoft.ai/events/6933-china-s-yuan-cny-usd-drops-as-pboc-sets-fix-at-weakest-level-in-14-years.md) | +0.6% | -1.7% |
| USDCNY | 2026-06-29 | [PBoC sets USD/CNY fix above forecasts, hinting at managed yuan depreciation as growth concerns linger - VT Markets](https://feedsoft.ai/events/19038-pboc-sets-usd-cny-fix-above-forecasts-hinting-at-managed-yuan-depreciation-as.md) | -0.0% | -0.5% |
| USDCNY | 2018-10-29 | [China's yuan finishes onshore trading at weakest since 2008 By Reuters](https://feedsoft.ai/events/62763-china-s-yuan-finishes-onshore-trading-at-weakest-since-2008-by-reuters.md) | -0.8% | +0.1% |
| USDCNY | 2024-07-01 | [China Loosens Grip on Yuan With Weakest Fixing Since November](https://feedsoft.ai/events/30008-china-loosens-grip-on-yuan-with-weakest-fixing-since-november.md) | +0.0% | -0.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/621817/

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