# China yuan weakens on softer central bank fixing - Markets - Business Recorder

> China's yuan edged lower against the dollar on a weaker central bank fixing but stayed near a multi-year high against a basket of currencies. Foreign investors reduced holdings of Chinese sovereign debt in March for the first monthly drop in over two years.

- Date: 2021-04-08 · published 2021-04-08T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/47816-china-yuan-weakens-on-softer-central-bank-fixing-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Small currency moves with limited direct impact on feed commodity prices; the reduced foreign bond demand is a financial-market signal rather than a supply or demand driver for grains.

## Read by commodity

- USDCNY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40082314

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