# China's yuan eases as traders await inflation data; HK dollar nears 7.8 | Financial Post

> The yuan pulled back after an 11-day peak as traders awaited US and Chinese inflation data for clues on the timing of Fed and PBOC rate moves. The Hong Kong dollar moved toward the 7.8 peg level.

- Date: 2021-11-09 · published 2021-11-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/44271-china-s-yuan-eases-as-traders-await-inflation-data-hk-dollar-nears-7-8
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency moves ahead of inflation data have little direct effect on feed prices, though a firmer yuan would modestly support Chinese import demand.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-10-30 | [As China's yuan becomes a Biden election play, PBOC pushes back \| Financial Post](https://feedsoft.ai/events/50847-as-china-s-yuan-becomes-a-biden-election-play-pboc-pushes-back-financial-post.md) | -1.7% | -2.1% |
| USDCNY | 2023-02-16 | [China's yuan rises but strong U.S. retail sales data caps upside - Financial Post](https://feedsoft.ai/events/37552-china-s-yuan-rises-but-strong-u-s-retail-sales-data-caps-upside-financial-post.md) | +0.8% | +0.7% |
| USDCNY | 2020-12-31 | [China state banks buy dollars to ease sharp yuan rally, traders say](https://feedsoft.ai/events/49863-china-state-banks-buy-dollars-to-ease-sharp-yuan-rally-traders-say.md) | -0.7% | -0.8% |
| USDCNY | 2022-06-14 | [China's yuan recovers from 1-month low, Fed, PBOC in focus \| Financial Post](https://feedsoft.ai/events/41172-china-s-yuan-recovers-from-1-month-low-fed-pboc-in-focus-financial-post.md) | -1.0% | -0.5% |
| USDCNY | 2026-04-28 | [China's yuan steady as traders await Fed meet - Markets - Business Recorder](https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder.md) | +0.1% | -0.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chinas-yuan-eases-as-traders-await-inflation-data-hk-dollar-nears-7-8

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