# China's yuan firms as monetary easing expected, little impact from Evergrande

> The yuan firmed as Chinese exporters sold dollars ahead of year end and investors priced in monetary easing. Premier Li Keqiang said the central bank would cut reserve requirement ratios in a timely way. Authorities also marginally relaxed funding for property developers, which limited the expected fallout from a likely Evergrande default.

- Date: 2021-12-06 · published 2021-12-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11298-china-s-yuan-firms-as-monetary-easing-expected-little-impact-from-evergrande
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expected easing supports Chinese growth and feed demand, but the currency response is limited. The yuan's firmer tone lowers the local cost of dollar-priced imports.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-03-28 | [China sets yuan at much stronger fixing than markets expected](https://feedsoft.ai/events/31439-china-sets-yuan-at-much-stronger-fixing-than-markets-expected.md) | +0.1% | +0.3% |
| USDCNY | 2022-06-29 | [China's yuan firms as Beijing eases quarantine rules \| Financial Post](https://feedsoft.ai/events/41167-china-s-yuan-firms-as-beijing-eases-quarantine-rules-financial-post.md) | 0.0% | +0.7% |
| USDCNY | 2021-11-23 | [China's yuan firms on year-end demand, analysts expect weakness in 2022 \| Financial Post](https://feedsoft.ai/events/44269-china-s-yuan-firms-on-year-end-demand-analysts-expect-weakness-in-2022.md) | -0.3% | -0.2% |
| USDCNY | 2025-08-04 | [China's yuan rebounds from 2-month low on weak US jobs and Fed rate cut expectations \| MarketScreener](https://feedsoft.ai/events/10144-china-s-yuan-rebounds-from-2-month-low-on-weak-us-jobs-and-fed-rate-cut.md) | -0.4% | -1.1% |
| USDCNY | 2024-02-06 | [China’s yuan rises on firmer-than-expected fix, stock market support - Markets - Business Recorder](https://feedsoft.ai/events/31899-china-s-yuan-rises-on-firmer-than-expected-fix-stock-market-support-markets.md) | -0.1% | -0.0% |

## Sources

- zawya.com: https://www.zawya.com/en/business/chinas-yuan-firms-as-monetary-easing-expected-little-impact-from-evergrande-x8rq1o71

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