# China's yuan firms as Beijing eases quarantine rules | Financial Post

> China's yuan firmed on June 29 after Beijing halved quarantine time for inbound travelers, a major easing of COVID curbs. The PBOC midpoint was set at 6.7035, weaker than the prior fix, while spot traded near 6.70 per dollar.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/41167-china-s-yuan-firms-as-beijing-eases-quarantine-rules-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Stronger expected Chinese growth supports demand for commodities and feed imports, while a firmer yuan modestly lowers the local-currency cost of dollar-priced imports.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-04-22 | [China's yuan nears six-week high as U.S. yields ease \| Financial Post](https://feedsoft.ai/events/47810-china-s-yuan-nears-six-week-high-as-u-s-yields-ease-financial-post.md) | -0.2% | -0.9% |
| USDCNY | 2022-12-20 | [China's yuan edges up as unchanged key lending rates offer no surprise \| Financial Post](https://feedsoft.ai/events/38450-china-s-yuan-edges-up-as-unchanged-key-lending-rates-offer-no-surprise.md) | -0.2% | -2.9% |
| USDCNY | 2021-03-18 | [China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms \| Financial Post](https://feedsoft.ai/events/48338-china-s-yuan-hits-1-week-high-but-rally-slows-as-sino-u-s-meet-looms-financial.md) | +0.3% | +0.4% |
| USDCNY | 2021-11-23 | [China's yuan firms on year-end demand, analysts expect weakness in 2022 \| Financial Post](https://feedsoft.ai/events/44269-china-s-yuan-firms-on-year-end-demand-analysts-expect-weakness-in-2022.md) | -0.3% | -0.2% |
| USDCNY | 2021-01-28 | [China's yuan inches up as tight liquidity pushes interbank rates higher \| Financial Post](https://feedsoft.ai/events/49361-china-s-yuan-inches-up-as-tight-liquidity-pushes-interbank-rates-higher.md) | -0.3% | -0.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chinas-yuan-firms-as-beijing-eases-quarantine-rules

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