# PBOC Softens Yuan-Dollar Central Parity Rate by 72 Bips to 7.0638

> The People's Bank of China set the yuan central parity rate at 7.0638 per dollar, a weakening of 72 basis points from the prior day. The onshore yuan had closed at 7.0663 the previous day.

- Date: 2020-07-03 · published 2020-07-03T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/9735-pboc-softens-yuan-dollar-central-parity-rate-by-72-bips-to-7-0638
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan fixing makes dollar-priced imports such as feed grains more expensive for Chinese buyers, a mildly bullish factor for US feed commodity prices in dollar terms.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-03-15 | [China encourages dollar buying to slow surging yuan](https://feedsoft.ai/events/11466-china-encourages-dollar-buying-to-slow-surging-yuan.md) | -0.2% | -1.0% |
| USDCNY | 2020-07-03 | [Chinese yuan weakens to 7.0638 against USD Friday_Xinhua Finance Agency](https://feedsoft.ai/events/9736-chinese-yuan-weakens-to-7-0638-against-usd-friday-xinhua-finance-agency.md) | -0.9% | -1.3% |
| USDCNY | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | -0.4% | -0.2% |
| USDCNY | 2020-10-28 | [Yuan’s Rally Faces Test After Banks Tweak Daily Reference Rate - Caixin Global](https://feedsoft.ai/events/50849-yuan-s-rally-faces-test-after-banks-tweak-daily-reference-rate-caixin-global.md) | -0.4% | -1.9% |
| USDCNY | 2026-02-27 | [USD/CNY & USD/CNH jump as PBoC cuts FX RRR to zero, cooling yuan gains](https://feedsoft.ai/events/20790-usd-cny-and-usd-cnh-jump-as-pboc-cuts-fx-rrr-to-zero-cooling-yuan-gains.md) | +0.7% | +1.0% |

## Sources

- yicaiglobal.com: https://www.yicaiglobal.com/news/pboc-softens-yuan-dollar-central-parity-rate-by-72-bips-to-70638

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