# China's yuan eases after reserve ratio cut; Fed decision in focus | Financial Post

> The yuan eased against the dollar after the PBOC unexpectedly cut the reserve requirement ratio for all banks. Traders also focused on the Federal Reserve's policy meeting, where a quarter-point hike was expected.

- Date: 2023-03-20 · published 2023-03-20T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/37090-china-s-yuan-eases-after-reserve-ratio-cut-fed-decision-in-focus-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan following monetary easing in China can raise the local cost of dollar-denominated feed imports. Any change in import demand would be gradual.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-01-06 | [China's yuan eases on hawkish Fed, warning of depreciation pressure \| Reuters](https://feedsoft.ai/events/43356-china-s-yuan-eases-on-hawkish-fed-warning-of-depreciation-pressure-reuters.md) | -0.1% | -0.0% |
| USDCNY | 2022-12-28 | [China's yuan weakens as U.S. dollar gains on sustained inflation outlook \| Financial Post](https://feedsoft.ai/events/38448-china-s-yuan-weakens-as-u-s-dollar-gains-on-sustained-inflation-outlook.md) | -1.0% | -2.4% |
| USDCNY | 2020-09-17 | [Yuan falls on dollar strength after Fed's upbeat economic outlook \| Financial Post](https://feedsoft.ai/events/51315-yuan-falls-on-dollar-strength-after-fed-s-upbeat-economic-outlook-financial-post.md) | +0.8% | -0.4% |
| USDCNY | 2021-04-01 | [China's yuan dips as Biden infrastructure plan lifts dollar \| Financial Post](https://feedsoft.ai/events/47817-china-s-yuan-dips-as-biden-infrastructure-plan-lifts-dollar-financial-post.md) | -0.2% | -1.1% |
| USDCNY | 2020-11-09 | [For investors, China's yuan is the big winner from Biden victory \| Financial Post](https://feedsoft.ai/events/50363-for-investors-china-s-yuan-is-the-big-winner-from-biden-victory-financial-post.md) | -0.4% | -1.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chinas-yuan-eases-after-reserve-ratio-cut-fed-decision-in-focus

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