# Chinese yuan edges higher, despite rise in US Treasury rates

> The yuan edged higher on a firmer PBOC midpoint fix of 6.4522 per dollar. Rising US Treasury yields have narrowed the yield gap between Chinese and US bonds, reducing a key driver of portfolio inflows. Traders expect the yuan to stay directionless in the near term.

- Date: 2021-02-25 · published 2021-02-25T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/48868-chinese-yuan-edges-higher-despite-rise-in-us-treasury-rates
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Higher US yields tend to strengthen the dollar and can offset yuan gains, which affects the cost of dollar-priced grain imports in China. The effect on feed prices is limited in the near term.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- asiafinancial.com: https://www.asiafinancial.com/chinese-yuan-edges-higher-despite-rise-in-us-treasury-rates

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