# Yuan inches up as markets await Fed policy decision, commentary - Markets - Business Recorder

> The yuan edged higher in thin trade as investors waited for the Federal Reserve's policy decision. The dollar held near a one-month high against a basket of currencies.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/7120-yuan-inches-up-as-markets-await-fed-policy-decision-commentary-markets-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Pre-Fed positioning in the yuan and dollar is routine and does not change the underlying feed supply or demand balance. Prices are likely to be driven by the Fed outcome rather than this session.

## Read by commodity

- USDCNY: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40100536

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