# China's yuan slips, rally pauses after relaxation of FX outflow curbs - The Business Times

> China's yuan eased slightly on Monday after rallying more than 1% against the dollar the prior week. The PBOC scrapped a 20% reserve requirement on FX forward settlement and lifted reserve requirements for offshore yuan deposits. The official midpoint was set at 6.4997, beyond the 6.5 level for the first time since May 2016.

- Date: 2017-09-10 · published 2017-09-10T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/9411-china-s-yuan-slips-rally-pauses-after-relaxation-of-fx-outflow-curbs-the
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Easing capital-outflow curbs and the stronger midpoint signal authorities are wary of rapid yuan appreciation. For feed buyers, a firmer yuan can modestly weigh on import costs for Chinese feed demand but the effect on grain prices is limited.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-06 | [China’s yuan rebounds from 2-year low after PBOC cuts FX reserve ratio - Markets - Business Recorder](https://feedsoft.ai/events/12271-china-s-yuan-rebounds-from-2-year-low-after-pboc-cuts-fx-reserve-ratio-markets.md) | +0.4% | +3.1% |
| USDCNY | 2023-01-06 | [China's cascade of economic support measures spurs yuan buying - The Business Times](https://feedsoft.ai/events/12764-china-s-cascade-of-economic-support-measures-spurs-yuan-buying-the-business.md) | -2.1% | -1.6% |
| USDCNY | 2022-04-26 | [China cuts banks’ FX reserve ratio to support yuan - Business & Finance - Business Recorder](https://feedsoft.ai/events/7640-china-cuts-banks-fx-reserve-ratio-to-support-yuan-business-and-finance-business.md) | +0.8% | +1.4% |
| USDCNY | 2022-09-05 | [China c.bank to cut FX reserve ratio to help limit yuan weakness](https://feedsoft.ai/events/12267-china-c-bank-to-cut-fx-reserve-ratio-to-help-limit-yuan-weakness.md) | +0.4% | +3.1% |
| USDCNY | 2022-09-26 | [China acts to rein in yuan slump, poised to raise FX risk reserve ratio By Reuters](https://feedsoft.ai/events/7212-china-acts-to-rein-in-yuan-slump-poised-to-raise-fx-risk-reserve-ratio-by.md) | -0.2% | +1.9% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-yuan-slips-rally-pauses-after-relaxation-fx-outflow-curbs

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