# Yuan firms on tightening outlook, volume shrinks ahead of holiday - Markets - Business Recorder

> The yuan rose on Monday as the broadly weaker dollar and expectations of policy tightening lifted the currency. The one-year dollar/yuan swap points reached their highest since December 4, 2020. Trading thinned ahead of the Lunar New Year holiday.

- Date: 2021-02-08 · published 2021-02-08T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/48870-yuan-firms-on-tightening-outlook-volume-shrinks-ahead-of-holiday-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan lowers the dollar cost of Chinese imports of feed ingredients. The move is a routine currency fluctuation with little direct effect on feed prices.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40061212

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