# Offshore Yuan Falls After Weaker-Than-Expected Fix, Snaps Back – Heisenberg Report

> The PBoC set the yuan fixing weaker than the consensus forecast after the offshore yuan had extended a record 14-day winning streak. The offshore yuan snapped its streak before partially recovering and then drifting lower. Caixin services and composite PMIs for August were reported stronger.

- Date: 2017-09-05 · published 2017-09-05T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/9412-offshore-yuan-falls-after-weaker-than-expected-fix-snaps-back-heisenberg-report
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The story reflects routine fixing-versus-expectations dynamics with no new fundamental cause for feed markets. Price impact on agricultural commodities is minimal.

## Read by commodity

- USDCNY: neutral

## Sources

- heisenbergreport.com: https://heisenbergreport.com/2017/09/04/offshore-yuan-falls-for-first-time-in-15-sessions-after-weaker-than-expected-fix/

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