# China Markets Set for More Volatility as Covid-Zero Stays - Bloomberg

> China's health officials vowed to stick unswervingly to Covid Zero, dampening hopes that Beijing would ease restrictions soon. The offshore yuan dropped 0.8% to 7.24 per dollar, unwinding part of a 2% surge the previous Friday.

- Date: 2022-11-06 · published 2022-11-06T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/6248-china-markets-set-for-more-volatility-as-covid-zero-stays-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Persistent lockdown policy weighs on Chinese industrial and feed demand, and a weaker yuan makes imported commodities costlier for Chinese buyers.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-05-08 | [China’s yuan slips as PBOC guides currency lower - Markets - Business Recorder](https://feedsoft.ai/events/9620-china-s-yuan-slips-as-pboc-guides-currency-lower-markets-business-recorder.md) | -0.2% | -0.7% |
| USDCNY | 2021-10-20 | [China Sets Weaker-Than-Expected Yuan Fix, Adds More Cash  - Caixin Global](https://feedsoft.ai/events/7480-china-sets-weaker-than-expected-yuan-fix-adds-more-cash-caixin-global.md) | -0.0% | -0.1% |
| USDCNY | 2017-09-24 | [Fans of a more open China should welcome the devalued yuan](https://feedsoft.ai/events/69192-fans-of-a-more-open-china-should-welcome-the-devalued-yuan.md) | +1.0% | +0.7% |
| USDCNY | 2021-12-15 | [China's c.bank records biggest net FX purchases in more than six years in Nov](https://feedsoft.ai/events/43817-china-s-c-bank-records-biggest-net-fx-purchases-in-more-than-six-years-in-nov.md) | +0.1% | -0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-11-06/china-markets-set-for-more-volatility-as-covid-zero-policy-stays

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