# Yuan firms against dollar; eyes on US inflation and China PMI – Markets - The Pound Hub

> The yuan firmed against the dollar on Thursday after three sessions of weakness, with traders awaiting US PCE inflation and China's PMI data. The PBOC set its midpoint at 7.1299 per dollar.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/29025-yuan-firms-against-dollar-eyes-on-us-inflation-and-china-pmi-markets-the-pound
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Routine currency trading ahead of data releases has little direct effect on feed grain prices; it mainly signals near-term Chinese import pricing conditions.

## Read by commodity

- USDCNY: neutral

## Sources

- thepoundhub.com: https://thepoundhub.com/china-currency/yuan-firms-against-dollar-eyes-on-us-inflation-and-china-pmi-markets/

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