# China sees stable forex market in November - CGTN

> China's State Administration of Foreign Exchange said the country's forex market stayed stable in November with balanced supply and demand. Banks recorded net foreign currency sales of $17.9 billion that month. Net sales for January to November totaled $48.9 billion.

- Date: 2018-12-21 · published 2018-12-21T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/61794-china-sees-stable-forex-market-in-november-cgtn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Stable forex conditions reduce the risk of abrupt yuan moves that would disrupt Chinese import purchases of feed ingredients. The data point has little direct effect on feed commodity prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-11-21 | [The Fed - Foreign Exchange Rates - H.10 - November 21, 2022](https://feedsoft.ai/events/38891-the-fed-foreign-exchange-rates-h-10-november-21-2022.md) | +1.2% | -2.0% |
| USDCNY | 2021-11-22 | [The Fed - Foreign Exchange Rates - H.10 -  November 22, 2021](https://feedsoft.ai/events/44253-the-fed-foreign-exchange-rates-h-10-november-22-2021.md) | +0.0% | -0.2% |
| USDCNY | 2018-12-07 | [China surprises with higher foreign reserves from inflows \| snaps \| ING THINK](https://feedsoft.ai/events/61797-china-surprises-with-higher-foreign-reserves-from-inflows-snaps-ing-think.md) | -0.0% | -0.4% |
| USDCNY | 2018-02-07 | [Stronger yuan won’t dent China trade \| snaps \| ING THINK](https://feedsoft.ai/events/7108-stronger-yuan-won-t-dent-china-trade-snaps-ing-think.md) | +0.9% | +0.6% |
| USDCNY | 2022-12-12 | [The Fed - Foreign Exchange Rates - H.10 - December 12, 2022](https://feedsoft.ai/events/38444-the-fed-foreign-exchange-rates-h-10-december-12-2022.md) | +0.2% | -2.6% |

## Sources

- news.cgtn.com: https://news.cgtn.com/news/3d3d414d3455444e31457a6333566d54/index.html

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