# China set to ease COVID curbs further as markets cheer change of tack

> China is set to announce a further easing of some COVID-19 curbs. The yuan rose to its strongest level against the dollar since mid-September amid a broad market rally. Investors expect the unwinding of pandemic restrictions to improve the outlook for global growth.

- Date: 2022-12-05 · published 2022-12-05T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38451-china-set-to-ease-covid-curbs-further-as-markets-cheer-change-of-tack
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expected recovery in Chinese economic activity could lift demand for feed grains, meal and meat. A firmer yuan also lowers the dollar cost of Chinese imports.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-11-11 | [Yuan hits 7-week high after China eases some stringent COVID curbs - Markets - Business Recorder](https://feedsoft.ai/events/8205-yuan-hits-7-week-high-after-china-eases-some-stringent-covid-curbs-markets.md) | -0.9% | -2.9% |
| USDCNY | 2022-12-05 | [Yuan jumps past 7 per dollar as China eases some COVID curbs](https://feedsoft.ai/events/38449-yuan-jumps-past-7-per-dollar-as-china-eases-some-covid-curbs.md) | -0.9% | -1.5% |
| USDCNY | 2024-03-28 | [China sets yuan at much stronger fixing than markets expected](https://feedsoft.ai/events/31439-china-sets-yuan-at-much-stronger-fixing-than-markets-expected.md) | +0.1% | +0.3% |
| USDCNY | 2018-12-04 | [Chinese Yuan Spikes to 3-Month High As Trade Tensions Ease - Markets Insider](https://feedsoft.ai/events/6923-chinese-yuan-spikes-to-3-month-high-as-trade-tensions-ease-markets-insider.md) | +0.2% | -0.2% |
| USDCNY | 2024-01-22 | [Exclusive: China moves to support yuan as stock markets tumble \| Reuters](https://feedsoft.ai/events/32350-exclusive-china-moves-to-support-yuan-as-stock-markets-tumble-reuters.md) | -0.2% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/world/china/covid-confusion-china-authorities-row-back-curbs-2022-12-05/

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