# China’s recent hands-off approach to renminbi fluctuation could change - Euromoney

> Commentary says Chinese policymakers have become more relaxed about yuan fluctuations but remain willing to intervene in either direction. The piece cites recent two-way volatility, strong capital inflows and trade surpluses as reasons for the hands-off approach.

- Date: 2022-03-02 · published 2022-03-02T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/42488-china-s-recent-hands-off-approach-to-renminbi-fluctuation-could-change-euromoney
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expected two-way yuan volatility adds uncertainty to China's dollar cost of imported feed ingredients, but no clear directional price signal for feed commodities.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-10-22 | [China's yuan eases after regulator warn of possible actions to counter higher fluctuations - Markets - Business Recorder](https://feedsoft.ai/events/44778-china-s-yuan-eases-after-regulator-warn-of-possible-actions-to-counter-higher.md) | -0.0% | -0.1% |
| USDCNY | 2017-04-15 | [Roundtable on Money and Finance and the 56th Clearing House Salon: Macro Factors of the RMB Exchange Rate Fluctuation and its Potential Effect \| IMI](https://feedsoft.ai/events/71717-roundtable-on-money-and-finance-and-the-56th-clearing-house-salon-macro-factors.md) | +0.0% | +0.2% |
| USDCNY | 2023-09-11 | [China issues strong warning against bets on renminbi depreciation](https://feedsoft.ai/events/34332-china-issues-strong-warning-against-bets-on-renminbi-depreciation.md) | -0.9% | -0.6% |
| USDCNY | 2018-05-22 | [RMB rate expected to follow a two-way fluctuation path in 2018 - Chinadaily.com.cn](https://feedsoft.ai/events/65233-rmb-rate-expected-to-follow-a-two-way-fluctuation-path-in-2018-chinadaily-com-cn.md) | +0.5% | +1.5% |
| USDCNY | 2024-02-27 | [China props up renminbi ahead of leadership summit in March](https://feedsoft.ai/events/31895-china-props-up-renminbi-ahead-of-leadership-summit-in-march.md) | +0.0% | +0.2% |

## Sources

- euromoney.com: https://www.euromoney.com/article/29rukz8u7glm192aab4zk/foreign-exchange/chinas-recent-hands-off-approach-to-renminbi-fluctuation-could-change/

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