# China’s yuan holds steady while waiting for signs of economy bottoming - Markets - Business Recorder

> China's yuan held steady on Friday, with the offshore market posting light gains against the dollar as investors watched for signs of an economic bottom. Industrial profits grew for a second month in September, and monetary easing expectations rose after new stimulus measures.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/33861-china-s-yuan-holds-steady-while-waiting-for-signs-of-economy-bottoming-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Stable currency conditions limit near-term changes in the cost of Chinese imports of feed inputs. Rising easing expectations could later widen the yield gap and pressure the yuan.

## Read by commodity

- USDCNY: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40270316

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