# China’s yuan edges higher - Business & Finance - Business Recorder

> The yuan edged higher after the PBOC set a firmer midpoint fix of 6.7522 per dollar. Implied volatility rose ahead of the Fed meeting, which was widely expected to deliver another 75-basis-point hike.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/40702-china-s-yuan-edges-higher-business-and-finance-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency moves in the yuan affect Chinese import demand economics for feed ingredients, but the small move here has little direct effect on grain prices.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40187614

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