# China's yuan firms on year-end demand, analysts expect weakness in 2022 | Financial Post

> China's yuan edged higher on Tuesday as seasonal corporate demand for the currency outweighed broad dollar strength and a weaker-than-expected PBOC midpoint guidance. Traders expected corporate conversion demand to persist through year-end 2021.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/44269-china-s-yuan-firms-on-year-end-demand-analysts-expect-weakness-in-2022
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan lowers the cost of Chinese import purchases of feed grains and meal priced in dollars, but the effect on prices is small and short-lived.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-06-29 | [China's yuan firms as Beijing eases quarantine rules \| Financial Post](https://feedsoft.ai/events/41167-china-s-yuan-firms-as-beijing-eases-quarantine-rules-financial-post.md) | 0.0% | +0.7% |
| USDCNY | 2021-04-22 | [China's yuan nears six-week high as U.S. yields ease \| Financial Post](https://feedsoft.ai/events/47810-china-s-yuan-nears-six-week-high-as-u-s-yields-ease-financial-post.md) | -0.2% | -0.9% |
| USDCNY | 2020-12-02 | [Yuan ends at 2-week high; Biden comments on trade deal cap gains \| Financial Post](https://feedsoft.ai/events/49868-yuan-ends-at-2-week-high-biden-comments-on-trade-deal-cap-gains-financial-post.md) | -0.6% | -0.7% |
| USDCNY | 2017-12-28 | [China's yuan rises on US dollar weakness, on track for best year since 2008 - Times of News](https://feedsoft.ai/events/67709-china-s-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008.md) | -1.0% | -3.6% |
| USDCNY | 2019-09-30 | [Yuan inches up on better-than-expected PMI data, set for monthly gain \| Financial Post](https://feedsoft.ai/events/57290-yuan-inches-up-on-better-than-expected-pmi-data-set-for-monthly-gain-financial.md) | +0.4% | -0.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chinas-yuan-firms-on-year-end-demand-analysts-expect-weakness-in-2022

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