# HK researchers ask how much markets affect RMB fixing - Central Banking

> A Hong Kong Institute for Monetary Research paper examines how much market forces versus official intervention determine the daily renminbi fixing since the August 2015 reforms. The paper tests China's claim that the fixing is now mainly market-based.

- Date: 2017-03-21 · published 2017-03-21T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/72226-hk-researchers-ask-how-much-markets-affect-rmb-fixing-central-banking
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The findings bear on how predictable the yuan's path is for importers and hedgers. The article is paywalled and offers no direct price signal for feed commodities.

## Read by commodity

- USDCNY: neutral

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| USDCNY | 2018-04-11 | [China central bank governor says market-determined exchange rate is working very well](https://feedsoft.ai/events/65711-china-central-bank-governor-says-market-determined-exchange-rate-is-working.md) | +0.0% | +1.4% |
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## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/international/3101851/hk-researchers-ask-how-much-markets-affect-rmb-fixing

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