# China’s central bank talks up the yuan against US dollar ‘uncertainties’ | South China Morning Post

> On Sunday night the People's Bank of China, through deputy governor Yi Gang, talked up the yuan as stable and strong. Analysts said the bank may intervene before the dollar-yuan rate breaks 7. China has already spent over US$800 billion of forex reserves in the past two years to prevent a free fall.

- Date: 2016-11-28 · published 2016-11-28T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/74062-china-s-central-bank-talks-up-the-yuan-against-us-dollar-uncertainties-south
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Central bank support for the yuan limits how far the currency can fall, which in turn limits the squeeze on Chinese import purchasing power for feed ingredients. A firmer yuan modestly supports Chinese demand for US and Brazilian soy and meal.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-09-06 | [China’s yuan rallies with central bank backing as worries mount over US dollar \| South China Morning Post](https://feedsoft.ai/events/23115-china-s-yuan-rallies-with-central-bank-backing-as-worries-mount-over-us-dollar.md) | -0.1% | -0.2% |
| USDCNY | 2020-08-28 | [Why the yuan could soon shake off its sluggishness against the US dollar \| South China Morning Post](https://feedsoft.ai/events/51839-why-the-yuan-could-soon-shake-off-its-sluggishness-against-the-us-dollar-south.md) | -0.7% | -1.0% |
| USDCNY | 2022-12-01 | [US dollar strength has ‘reached peak’, China’s central bank says, as Fed considers scaling back rate hikes \| South China Morning Post](https://feedsoft.ai/events/6579-us-dollar-strength-has-reached-peak-china-s-central-bank-says-as-fed-considers.md) | -1.7% | -1.8% |
| USDCNY | 2019-07-31 | [Opinion \| Why China may be ready for a strong yuan, and the US could follow up with a weak dollar policy \| South China Morning Post](https://feedsoft.ai/events/58328-opinion-why-china-may-be-ready-for-a-strong-yuan-and-the-us-could-follow-up.md) | +2.0% | +4.0% |
| USDCNY | 2017-08-10 | [China’s yuan strengthens to 10-month high against US dollar](https://feedsoft.ai/events/69675-china-s-yuan-strengthens-to-10-month-high-against-us-dollar.md) | +0.3% | -2.8% |

## Sources

- scmp.com: https://www.scmp.com/news/china/economy/article/2049799/chinas-central-bank-talks-yuan-against-us-dollar-uncertainties

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