# Yuan pressured by renewed virus worries, softer factory activity | Financial Post

> The yuan weakened at the start of February after eight straight months of gains, as renewed COVID-19 cases and lockdowns raised fears for the recovery. A factory survey showed the slowest expansion in five months in January. Dollar demand also rose amid volatility from the Wall Street retail-investor rally.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/48869-yuan-pressured-by-renewed-virus-worries-softer-factory-activity-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weaker Chinese factory activity and lockdowns can reduce feed and livestock demand in China. A firmer dollar raises the cost of dollar-priced imports.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-03-20 | [China's yuan eases after reserve ratio cut; Fed decision in focus \| Financial Post](https://feedsoft.ai/events/37090-china-s-yuan-eases-after-reserve-ratio-cut-fed-decision-in-focus-financial-post.md) | -0.3% | -0.3% |
| USDCNY | 2020-11-09 | [For investors, China's yuan is the big winner from Biden victory \| Financial Post](https://feedsoft.ai/events/50363-for-investors-china-s-yuan-is-the-big-winner-from-biden-victory-financial-post.md) | -0.4% | -1.0% |
| USDCNY | 2020-11-09 | [China sets yuan midpoint at 28-month high after Joe Biden wins presidency \| Financial Post](https://feedsoft.ai/events/50361-china-sets-yuan-midpoint-at-28-month-high-after-joe-biden-wins-presidency.md) | -0.4% | -1.0% |
| USDCNY | 2020-09-17 | [Yuan falls on dollar strength after Fed's upbeat economic outlook \| Financial Post](https://feedsoft.ai/events/51315-yuan-falls-on-dollar-strength-after-fed-s-upbeat-economic-outlook-financial-post.md) | +0.8% | -0.4% |
| USDCNY | 2022-03-02 | [China wrestles with a strong yuan as parliamentary meeting looms \| Financial Post](https://feedsoft.ai/events/42485-china-wrestles-with-a-strong-yuan-as-parliamentary-meeting-looms-financial-post.md) | +0.1% | +0.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/yuan-pressured-by-renewed-virus-worries-softer-factory-activity

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