◂ Event Timeline

Jun 21, 2022MACROChina

China’s yuan firm; signs of economic recovery, policy support help - Markets

China's yuan rose on June 21 as signs of economic recovery, new stimulus measures and tech regulation easing drew foreign inflows into equities. Traders also cited a possible removal of some US tariffs on Chinese goods.

WHY IT MATTERS

Possible US tariff removal on Chinese goods would be a meaningful trade signal for agricultural export flows, and China's recovery supports feed demand.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
brecorder.comReutersJun 21, 2022

Price reaction & history

Chinese Yuan (CNY per USD)▼bearishSO FAR1d -0.4%5d -0.4%20d +0.4%

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

Feb 6, 2024China’s yuan rises on firmer-than-expected fix, stock market support - Markets - Business Recorder-0.1%
Jun 30, 2026China yuan firms as exporter dollar sales lend support - Markets - Business Recorder-0.0%
Oct 10, 2024China’s yuan inches higher as PBOC support offsets dollar strength - Markets - Business Recorder+0.6%
Aug 29, 2023China’s yuan firms in tight range as investors await key economic data - Markets - Business Recorder+0.2%
Aug 31, 2026China's yuan firms despite dollar rebound - Markets - Business Recorder-0.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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