# Yuan holds steady - Business & Finance - Business Recorder

> China's yuan held steady on Friday while the offshore yuan posted light gains against a firm dollar. Industrial profits rose for a second month in September, and investors expect further monetary easing after new borrowing and stimulus measures.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/33857-yuan-holds-steady-business-and-finance-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of easing could widen the yield gap with the US and pressure the yuan later, affecting the cost of Chinese imports. The effect on feed markets is limited for now given the steady currency.

## Read by commodity

- USDCNY: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40270615

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