# PBOC Sets Central Parity Rate of Yuan Against Dollar at 6.5668

> The PBOC set the yuan central parity at 6.5668 per dollar, the strongest level in more than 14 months. The dollar index had risen despite a weak US jobs report, and investors turned cautious after North Korea's nuclear test. The onshore yuan had closed at 6.5596 in night trading.

- Date: 2017-09-04 · published 2017-09-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/9416-pboc-sets-central-parity-rate-of-yuan-against-dollar-at-6-5668
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan strength against the dollar, driven by a firmer fixing and risk sentiment, lowers the local-currency cost of dollar-denominated imports. The direct impact on feed commodity prices is small.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-08-30 | [Central Parity Rate of Yuan Against Dollar Declines 191 Basis Points on Wednesday; Chinese Currency Breaches Important Threshold of USD6.6 Yesterday](https://feedsoft.ai/events/10860-central-parity-rate-of-yuan-against-dollar-declines-191-basis-points-on.md) | -1.1% | +0.7% |
| USDCNY | 2023-11-28 | [PBOC sets USD/ CNY central rate at 7.1132 (vs. estimate at 7.1432)](https://feedsoft.ai/events/33392-pboc-sets-usd-cny-central-rate-at-7-1132-vs-estimate-at-7-1432.md) | -0.1% | -0.1% |
| USDCNY | 2017-01-05 | [China’s offshore yuan surges most against dollar in a year](https://feedsoft.ai/events/73180-china-s-offshore-yuan-surges-most-against-dollar-in-a-year.md) | +0.1% | -1.0% |
| USDCNY | 2016-11-28 | [China’s central bank talks up the yuan against US dollar ‘uncertainties’ \| South China Morning Post](https://feedsoft.ai/events/74062-china-s-central-bank-talks-up-the-yuan-against-us-dollar-uncertainties-south.md) | -0.5% | +0.4% |
| USDCNY | 2023-11-22 | [Offshore Chinese Yuan Gains Over 1,600 Pips Against US Dollar in Past Week](https://feedsoft.ai/events/33394-offshore-chinese-yuan-gains-over-1-600-pips-against-us-dollar-in-past-week.md) | -0.1% | +0.0% |

## Sources

- yicaiglobal.com: https://www.yicaiglobal.com/news/pboc-sets-central-parity-rate-of-yuan-against-dollar-at-65668

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