# China's yuan gains, but market wary of Beijing's currency policy - The Business Times

> The yuan strengthened on July 5 as state banks sold dollars, although the PBOC set the midpoint weaker for a third straight day. Traders remained wary of official currency intervention and seasonal corporate dollar demand for dividends.

- Date: 2017-07-04 · published 2017-07-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/70196-china-s-yuan-gains-but-market-wary-of-beijing-s-currency-policy-the-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

State intervention to support the yuan adds uncertainty to Chinese import costs, which can dampen near-term buying of US feed commodities.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-08-17 | [Markets still bewildered after China central bank explains yuan 'X'-factor - The Business Times](https://feedsoft.ai/events/69677-markets-still-bewildered-after-china-central-bank-explains-yuan-x-factor-the.md) | -0.5% | -2.1% |
| USDCNY | 2018-01-18 | [China says yuan gains market-driven, two-way swings will be the norm \| South China Morning Post](https://feedsoft.ai/events/67199-china-says-yuan-gains-market-driven-two-way-swings-will-be-the-norm-south-china.md) | -1.1% | -1.4% |
| USDCNY | 2019-11-06 | [China’s yuan and bonds temper rally as markets await policy certainty - Gulf Times](https://feedsoft.ai/events/56295-china-s-yuan-and-bonds-temper-rally-as-markets-await-policy-certainty-gulf-times.md) | +0.2% | +0.5% |
| USDCNY | 2023-02-01 | [China’s yuan steadies ahead of Fed decision - Markets - Business Recorder](https://feedsoft.ai/events/37554-china-s-yuan-steadies-ahead-of-fed-decision-markets-business-recorder.md) | +0.5% | +1.7% |
| USDCNY | 2021-10-22 | [China's yuan eases after regulator warn of possible actions to counter higher fluctuations - Markets - Business Recorder](https://feedsoft.ai/events/44778-china-s-yuan-eases-after-regulator-warn-of-possible-actions-to-counter-higher.md) | -0.0% | -0.1% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-yuan-gains-market-wary-beijings-currency-policy

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