# CX Daily: Yuan-Dollar Breakup, PBOC Warnings Signal Rocky Road for Currency in 2022 - Caixin Global

> The yuan has decoupled from the US dollar since September, rising even as the greenback strengthened, driven by surging exports and capital inflows. Analysts see the PBOC's hands-off approach to managing the exchange rate as a key uncertainty for 2022.

- Date: 2021-12-10 · published 2021-12-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/43819-cx-daily-yuan-dollar-breakup-pboc-warnings-signal-rocky-road-for-currency-in
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan direction affects the purchasing power of Chinese feed buyers and the relative cost of imported grains and meal. The commentary is analytical and has no immediate price shock.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-11-07 | [PBOC Ends Stronger-Than-Expected Yuan Fixings Amid Covid Bets - Caixin Global](https://feedsoft.ai/events/38904-pboc-ends-stronger-than-expected-yuan-fixings-amid-covid-bets-caixin-global.md) | -3.1% | -4.2% |
| USDCNY | 2018-12-13 | [The Yuan: Key Factors to Watch in 2019 - Caixin Global](https://feedsoft.ai/events/61796-the-yuan-key-factors-to-watch-in-2019-caixin-global.md) | +0.2% | -1.7% |
| USDCNY | 2018-11-14 | [US-China trade war: Tariffs spur record dollar-yuan currency trading](https://feedsoft.ai/events/62265-us-china-trade-war-tariffs-spur-record-dollar-yuan-currency-trading.md) | -0.1% | -1.1% |
| USDCNY | 2018-05-10 | [Opinion: Why China’s Currency Is Becoming a Safe Haven - Caixin Global](https://feedsoft.ai/events/65236-opinion-why-china-s-currency-is-becoming-a-safe-haven-caixin-global.md) | +0.2% | +0.5% |
| USDCNY | 2018-09-11 | [US-China trade war: Investors could soon favor yuan over dollar, former PBOC governor says](https://feedsoft.ai/events/63269-us-china-trade-war-investors-could-soon-favor-yuan-over-dollar-former-pboc.md) | -0.0% | +1.0% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-12-10/cx-daily-yuan-dollar-breakup-pboc-warnings-signal-rocky-road-for-currency-in-2022-101815940.html

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