# China's yuan hovers at 3-1/2-year high, investors cautious | Financial Post

> The yuan held near a 3.5-year high against the dollar, supported by year-end corporate demand for the currency. Investors are cautious about how far Beijing will allow it to appreciate. The official midpoint fix came in weaker than market forecasts.

- Date: 2021-12-09 · published 2021-12-09T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/11297-china-s-yuan-hovers-at-3-1-2-year-high-investors-cautious-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan reduces the local cost of dollar-priced imports, but the weaker-than-expected fix suggests authorities are limiting gains. This points to a range-bound currency, with little direct effect on feed prices.

## Read by commodity

- USDCNY: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2021-12-09 | 1 | +0.5% | 3.2 | On Dec 9 the yuan hovered near a 3.5-year high on year-end corporate dollar selling, while a weaker-than-expected fixing signaled Beijing limiting appreciation, directly tied to the day's move. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chinas-yuan-hovers-at-3-1-2-year-high-investors-cautious

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