# Chinese yuan relatively stable against rising U.S. dollar: official - People's Daily Online

> China's State Administration of Foreign Exchange said the RMB index rose 0.1% in 2022 despite the dollar index rising over 11%, while the yuan fell 5.8% against the dollar. Chinese firms used over $750 billion in derivatives to hedge exchange risk in the first half.

- Date: 2022-07-23 · published 2022-07-23T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/40706-chinese-yuan-relatively-stable-against-rising-u-s-dollar-official-people-s
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The official message signals managed yuan stability, which limits sharp currency-driven swings in China's import costs for feed ingredients. The story has no direct effect on grain prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-01-01 | [Chinese State Media Warns Against Making One-Way Bets on Yuan](https://feedsoft.ai/events/21742-chinese-state-media-warns-against-making-one-way-bets-on-yuan.md) | -0.1% | -0.6% |
| USDCNY | 2017-07-12 | [PBOC: China should expand Renminbi's trading band - People's Daily Online](https://feedsoft.ai/events/70197-pboc-china-should-expand-renminbi-s-trading-band-people-s-daily-online.md) | -0.8% | -1.4% |
| USDCNY | 2025-06-25 | [China doubles down on promoting yuan as confidence in U.S. dollar ebbs](https://feedsoft.ai/events/24430-china-doubles-down-on-promoting-yuan-as-confidence-in-u-s-dollar-ebbs.md) | -0.1% | -0.2% |
| USDCNY | 2022-01-22 | [Yuan exchange rate seen staying stable - Chinadaily.com.cn](https://feedsoft.ai/events/43359-yuan-exchange-rate-seen-staying-stable-chinadaily-com-cn.md) | +0.3% | -0.2% |
| USDCNY | 2020-04-19 | [China has sufficient soybean reserve, official says - Chinadaily.com.cn](https://feedsoft.ai/events/53635-china-has-sufficient-soybean-reserve-official-says-chinadaily-com-cn.md) | +0.1% | +0.4% |

## Sources

- en.people.cn: http://en.people.cn/n3/2022/0723/c90000-10126512.html

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