# Yuan exchange rate seen staying stable - Chinadaily.com.cn

> China's State Administration of Foreign Exchange said the economy and exchange rate flexibility would limit the impact of accelerated US tapering and expected Fed rate hikes. Officials cited sound fundamentals, foreign reserves and growing foreign inflows as buffers against capital outflows.

- Date: 2022-01-22 · published 2022-01-22T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/43359-yuan-exchange-rate-seen-staying-stable-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Official confidence in yuan stability reduces the chance of abrupt currency moves that would disrupt Chinese feed import costs, keeping demand conditions steady.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-06-18 | [Central bank targets exchange rate stability - Chinadaily.com.cn](https://feedsoft.ai/events/7118-central-bank-targets-exchange-rate-stability-chinadaily-com-cn.md) | +0.3% | +0.5% |
| USDCNY | 2017-09-24 | [China wants to reduce control of changes in yuan's exchange rate - Chinadaily.com.cn](https://feedsoft.ai/events/69191-china-wants-to-reduce-control-of-changes-in-yuan-s-exchange-rate-chinadaily-com.md) | +1.0% | +0.7% |
| USDCNY | 2019-03-26 | [RMB rate flexibility stays firmly on agenda \| govt.chinadaily.com.cn](https://feedsoft.ai/events/60334-rmb-rate-flexibility-stays-firmly-on-agenda-govt-chinadaily-com-cn.md) | +0.0% | +0.0% |
| USDCNY | 2019-03-10 | [China won't use exchange rate for competition: Official \| The Straits Times](https://feedsoft.ai/events/60335-china-won-t-use-exchange-rate-for-competition-official-the-straits-times.md) | -0.1% | -0.0% |
| USDCNY | 2019-10-20 | [China’s yuan exchange rate ‘appropriate’ after recent weakening, central bank chief says \| South China Morning Post](https://feedsoft.ai/events/56815-china-s-yuan-exchange-rate-appropriate-after-recent-weakening-central-bank.md) | -0.2% | -0.8% |

## Sources

- global.chinadaily.com.cn: http://global.chinadaily.com.cn/a/202201/22/WS61eb4921a310cdd39bc82900.html

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