# Yuan eases, traders hold off on bets before US data, CPC's 100th anniversary - Markets - Business Recorder

> The yuan eased against the dollar on June 29 but traded within a very tight range as investors waited for key US jobs data and the Communist Party's anniversary. The PBOC set its midpoint at a one-week high, and officials signaled a flexible, targeted monetary stance.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/46814-yuan-eases-traders-hold-off-on-bets-before-us-data-cpc-s-100th-anniversary
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Low currency volatility and stable Chinese monetary policy give little direct signal for feed grain or meal demand from China.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-10-31 | [China’s yuan eases ahead of US election, shrugs off strong PMI - Markets - Business Recorder](https://feedsoft.ai/events/28077-china-s-yuan-eases-ahead-of-us-election-shrugs-off-strong-pmi-markets-business.md) | +0.8% | +1.7% |
| USDCNY | 2020-07-31 | [Yuan closes trade at 4-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/52323-yuan-closes-trade-at-4-1-2-month-high-markets-business-recorder.md) | -0.8% | -1.6% |
| USDCNY | 2025-10-28 | [Yuan hits 1-year high on upbeat stocks, trade deal hopes - Markets - Business Recorder](https://feedsoft.ai/events/22633-yuan-hits-1-year-high-on-upbeat-stocks-trade-deal-hopes-markets-business.md) | +0.2% | -0.4% |
| USDCNY | 2023-03-29 | [China’s yuan eases, market awaits March PMIs for clues on economic recovery - Markets - Business Recorder](https://feedsoft.ai/events/37087-china-s-yuan-eases-market-awaits-march-pmis-for-clues-on-economic-recovery.md) | +0.1% | +0.9% |
| USDCNY | 2024-11-04 | [Yuan bounces as traders brace for US election volatility - Markets - Business Recorder](https://feedsoft.ai/events/6695-yuan-bounces-as-traders-brace-for-us-election-volatility-markets-business.md) | +0.8% | +2.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40103670

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