# China yuan's long-term strengthening trend will not change - state media

> The yuan finished the domestic session at its strongest level since late September after the government eased some COVID-19 prevention controls. State media said the yuan's long-term strengthening trend would continue.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38905-china-yuan-s-long-term-strengthening-trend-will-not-change-state-media
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger yuan and reopening hopes support Chinese import demand and purchasing power for feed commodities, a mildly bullish factor.

## Read by commodity

- SOY: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-01-14 | [China's yuan strengthens to 5-month high - Chinadaily.com.cn](https://feedsoft.ai/events/55313-china-s-yuan-strengthens-to-5-month-high-chinadaily-com-cn.md) | +0.2% | +1.1% |
| USDCNY | 2024-09-25 | [China’s march to strong yuan is long and perilous](https://feedsoft.ai/events/28557-china-s-march-to-strong-yuan-is-long-and-perilous.md) | -0.2% | +1.3% |
| USDCNY | 2017-12-26 | [China's yuan strengthens to more than 3-month high - Chinadaily.com.cn](https://feedsoft.ai/events/67711-china-s-yuan-strengthens-to-more-than-3-month-high-chinadaily-com-cn.md) | -1.3% | -3.2% |
| USDCNY | 2018-04-01 | [Regulator warns Chinese not to ‘gamble’ on yuan exchange rate \| South China Morning Post](https://feedsoft.ai/events/65714-regulator-warns-chinese-not-to-gamble-on-yuan-exchange-rate-south-china-morning.md) | +0.5% | +1.0% |
| USDCNY | 2016-06-20 | [Chinese yuan strengthens ahead of Brexit vote \| South China Morning Post](https://feedsoft.ai/events/10880-chinese-yuan-strengthens-ahead-of-brexit-vote-south-china-morning-post.md) | +0.5% | +1.8% |
| SOY | 2020-02-01 | [China’s Yuan Climbs Past Key Levels as Trade Tensions Ease](https://feedsoft.ai/events/55309-china-s-yuan-climbs-past-key-levels-as-trade-tensions-ease.md) | +1.1% | +2.1% |
| SOY | 2019-12-30 | [Rand strengthens, easing Sino-US tensions aid emerging currencies - Moneyweb](https://feedsoft.ai/events/55834-rand-strengthens-easing-sino-us-tensions-aid-emerging-currencies-moneyweb.md) | +0.3% | -3.7% |
| SOY | 2024-07-31 | [Instant view: FOMC does not change rates, but sets stage for September cut \| Reuters](https://feedsoft.ai/events/29140-instant-view-fomc-does-not-change-rates-but-sets-stage-for-september-cut-reuters.md) | +0.1% | -5.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/china-yuans-long-term-strengthening-trend-will-not-change-state-media-2022-11-11/

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