# Strong demand lifts yuan, despite firmer dollar - Markets - Business Recorder

> The yuan edged higher against a firmer dollar on August 11 as persistent heavy demand for the currency from corporate conversion and bank accounts dominated trade. The PBOC set its midpoint slightly firmer. Traders expected the yuan to trade sideways ahead of the Jackson Hole symposium.

- Date: 2021-08-11 · published 2021-08-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45785-strong-demand-lifts-yuan-despite-firmer-dollar-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Stable to firmer yuan levels have only a small effect on China's dollar-denominated feed import costs. Price impact is limited because the move was small and driven by flows.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-08-31 | [China's yuan firms despite dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/18093-china-s-yuan-firms-despite-dollar-rebound-markets-business-recorder.md) | -0.2% | -0.2% |
| USDCNY | 2026-06-30 | [China yuan firms as exporter dollar sales lend support - Markets - Business Recorder](https://feedsoft.ai/events/19035-china-yuan-firms-as-exporter-dollar-sales-lend-support-markets-business-recorder.md) | -0.0% | -0.3% |
| USDCNY | 2026-08-20 | [China's yuan gets stronger after dollar slumps overnight - Markets - Business Recorder](https://feedsoft.ai/events/18097-china-s-yuan-gets-stronger-after-dollar-slumps-overnight-markets-business.md) | -0.1% | -0.3% |
| USDCNY | 2026-09-29 | [Yuan firms as exporters convert dollars before week-long holiday - Markets - Business Recorder](https://feedsoft.ai/events/17681-yuan-firms-as-exporters-convert-dollars-before-week-long-holiday-markets.md) | -0.1% | -0.7% |
| USDCNY | 2023-11-20 | [Australian dollar hits 3-month high, draws extra boost from firm yuan - Markets - Business Recorder](https://feedsoft.ai/events/33409-australian-dollar-hits-3-month-high-draws-extra-boost-from-firm-yuan-markets.md) | -0.8% | -1.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40112670

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