# Chinese Yuan Rally at Risk Ahead of Fed Minutes and Data - ATFX Global - Official Website

> The yuan's recent rally against the dollar met resistance ahead of US Fed minutes and Chinese services PMI data. Analysts flagged a possible move below 0.1385 that could extend losses toward 0.137. Chinese Premier Xi Jinping had acknowledged economic difficulties in a New Year's Eve speech.

- Date: 2024-01-03 · published 2024-01-03T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/11841-chinese-yuan-rally-at-risk-ahead-of-fed-minutes-and-data-atfx-global-official
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan direction and Chinese growth signals influence the pace of Chinese feed import demand. This is routine technical commentary with no major new supply or demand shock.

## Read by commodity

- USDCNY: neutral

## Sources

- atfx.com: https://www.atfx.com/en/analysis/market-news/chinese-yuan-rally-risk-fed-minutes-data

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