# China moves to curb yuan rally pressure due to hot money and export concerns | South China Morning Post

> Chinese policymakers introduced measures this week to curb the yuan's rapid appreciation, which had driven capital inflows and raised concerns about exports. The PBOC has not intervened directly, but is easing outflow restrictions so Chinese investors can buy foreign currency, and the yuan reached its strongest level since June 2018.

- Date: 2021-01-06 · published 2021-01-06T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/49366-china-moves-to-curb-yuan-rally-pressure-due-to-hot-money-and-export-concerns
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Policy aimed at slowing yuan gains keeps Chinese import costs for dollar-priced feed ingredients from falling further and signals a shift in China's currency stance. Its effect on feed prices depends on whether the yuan keeps weakening.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-06-08 | [China is letting value of yuan slide to offset trade war tariffs, US Treasury Secretary Mnuchin says \| South China Morning Post](https://feedsoft.ai/events/58822-china-is-letting-value-of-yuan-slide-to-offset-trade-war-tariffs-us-treasury.md) | +0.3% | -0.4% |
| USDCNY | 2020-10-28 | [Yuan eases after China tweaks fixing formula to rein in strength \| Financial Post](https://feedsoft.ai/events/50848-yuan-eases-after-china-tweaks-fixing-formula-to-rein-in-strength-financial-post.md) | -0.4% | -1.9% |
| USDCNY | 2026-02-27 | [Yuan Snaps Rising Streak After China Cuts Cost to Short Currency - Bloomberg](https://feedsoft.ai/events/7897-yuan-snaps-rising-streak-after-china-cuts-cost-to-short-currency-bloomberg.md) | +0.7% | +1.0% |
| USDCNY | 2022-01-17 | [China cuts rates on policy loans, analysts point to more easing ahead](https://feedsoft.ai/events/43362-china-cuts-rates-on-policy-loans-analysts-point-to-more-easing-ahead.md) | -0.3% | +0.1% |
| USDCNY | 2017-09-10 | [China Is Striving to Contain Its Once-Diving, Now-Thriving Yuan](https://feedsoft.ai/events/9413-china-is-striving-to-contain-its-once-diving-now-thriving-yuan.md) | +1.1% | +2.7% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3116664/china-moves-curb-yuan-rally-pressure-due-hot-money-and-export

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