# Yuan firms on upbeat factory price data - Supply Chain Council of European Union | Scceu.org

> The yuan firmed on Dec 9, 2020 after China's factory-gate prices fell at a slower pace in November. The People's Bank of China set a stronger midpoint of 6.5311 per dollar, its strongest since June 2018. Exports and manufacturing were also growing strongly, though consumer prices unexpectedly declined.

- Date: 2020-12-09 · published 2020-12-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/49865-yuan-firms-on-upbeat-factory-price-data-supply-chain-council-of-european-union
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Stronger Chinese economic data and a firmer yuan support import purchasing power for dollar-priced commodities, but the currency move is modest and feed prices are not directly affected.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-09-30 | [Yuan inches up on better-than-expected PMI data, set for monthly gain \| Financial Post](https://feedsoft.ai/events/57290-yuan-inches-up-on-better-than-expected-pmi-data-set-for-monthly-gain-financial.md) | +0.4% | -0.8% |
| USDCNY | 2021-11-23 | [China's yuan firms on year-end demand, analysts expect weakness in 2022 \| Financial Post](https://feedsoft.ai/events/44269-china-s-yuan-firms-on-year-end-demand-analysts-expect-weakness-in-2022.md) | -0.3% | -0.2% |
| USDCNY | 2018-01-26 | [China's yuan firms up further post Trump comments \| The National](https://feedsoft.ai/events/11865-china-s-yuan-firms-up-further-post-trump-comments-the-national.md) | -0.3% | +0.2% |
| USDCNY | 2022-12-20 | [China's yuan edges up as unchanged key lending rates offer no surprise \| Financial Post](https://feedsoft.ai/events/38450-china-s-yuan-edges-up-as-unchanged-key-lending-rates-offer-no-surprise.md) | -0.2% | -2.9% |
| USDCNY | 2025-11-14 | [Yuan firms to one-year high on exporter US dollar selling](https://feedsoft.ai/events/22175-yuan-firms-to-one-year-high-on-exporter-us-dollar-selling.md) | +0.2% | -0.6% |

## Sources

- scceu.org: https://scceu.org/yuan-firms-on-upbeat-factory-price-data/

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