◂ Event Timeline

Oct 22, 2021MACROChina

China's yuan eases after regulator warn of possible actions to counter higher fluctuations - Markets

China's yuan lost some ground against the dollar on Friday after the FX regulator SAFE warned it could take counter-cyclical action if currency volatility rose. The yuan was still on track for its biggest weekly gain since May.

WHY IT MATTERS

Regulator intervention signals that Beijing may limit yuan appreciation, which affects the macro backdrop for Chinese import demand but has little direct effect on feed grain prices.

AFFECTSChinese Yuan (CNY per USD)◆

SOURCE
brecorder.comReutersOct 22, 2021

Price reaction & history

Chinese Yuan (CNY per USD)◆neutralSO FAR1d -0.1%5d -0.0%20d -0.1%

After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.

Feb 1, 2023China’s yuan steadies ahead of Fed decision - Markets - Business Recorder+0.5%
Aug 25, 2026Chinese yuan slips from 3-1/2-year high after PBOC signals unease over rapid gains - Markets - Business Recorder-0.0%
Sep 22, 2023China’s yuan bounces on state bank support, offshore tightness - Markets - Business Recorder-0.1%
Apr 28, 2026China's yuan steady as traders await Fed meet - Markets - Business Recorder+0.1%
Nov 29, 2024China’s yuan to snap 8-week losing streak; Trump worries linger - Markets - Business Recorder+0.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

——— · ·

Loading…