# China’s yuan eases amid concerns of increasing policy divergence - Markets - Business Recorder

> China's yuan eased on June 8 amid worries about divergent monetary policy between China and major economies. The PBOC set the midpoint at 6.6634, while markets expected the ECB to end bond buying and the Fed to raise rates by 50 basis points.

- Date: 2022-06-08 · published 2022-06-08T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/41173-china-s-yuan-eases-amid-concerns-of-increasing-policy-divergence-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Widening policy divergence increases pressure on the yuan and capital outflow risk, which can make dollar-priced Chinese feed imports costlier.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-10-31 | [China’s yuan eases ahead of US election, shrugs off strong PMI - Markets - Business Recorder](https://feedsoft.ai/events/28077-china-s-yuan-eases-ahead-of-us-election-shrugs-off-strong-pmi-markets-business.md) | +0.8% | +1.7% |
| USDCNY | 2024-01-31 | [China’s yuan eases after PMI, dragged by falling bond yields - Markets - Business Recorder](https://feedsoft.ai/events/32348-china-s-yuan-eases-after-pmi-dragged-by-falling-bond-yields-markets-business.md) | +0.2% | +0.3% |
| USDCNY | 2021-02-22 | [Yuan eases on dollar demand, capital outflow concerns - Markets - Business Recorder](https://feedsoft.ai/events/48866-yuan-eases-on-dollar-demand-capital-outflow-concerns-markets-business-recorder.md) | +0.3% | +0.8% |
| USDCNY | 2023-03-29 | [China’s yuan eases, market awaits March PMIs for clues on economic recovery - Markets - Business Recorder](https://feedsoft.ai/events/37087-china-s-yuan-eases-market-awaits-march-pmis-for-clues-on-economic-recovery.md) | +0.1% | +0.9% |
| USDCNY | 2023-04-19 | [China’s yuan softens ahead of key lending rate moves - Markets - Business Recorder](https://feedsoft.ai/events/36607-china-s-yuan-softens-ahead-of-key-lending-rate-moves-markets-business-recorder.md) | +0.8% | +1.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40178687

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