# Chinese Yuan Holds Steady Against Dollar, Euro on Mixed Economic Data

> The yuan held steady against the dollar and euro after mixed Chinese data. May retail sales growth of 12.4% missed expectations, industrial output expanded at its slowest pace in five months, and the unemployment rate fell to 5%.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/7122-chinese-yuan-holds-steady-against-dollar-euro-on-mixed-economic-data
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Softer May industrial output and retail sales point to slightly weaker near-term Chinese demand for feed inputs. The data had a limited effect on currency and commodity prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-11-15 | [China data disappoints; USD/CNH halts 3-Day slide](https://feedsoft.ai/events/8208-china-data-disappoints-usd-cnh-halts-3-day-slide.md) | +1.3% | -1.8% |
| USDCNY | 2018-12-21 | [China sees stable forex market in November - CGTN](https://feedsoft.ai/events/61794-china-sees-stable-forex-market-in-november-cgtn.md) | -0.1% | -1.5% |
| 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 | 2024-01-16 | [Board of Governors of the Federal Reserve System](https://feedsoft.ai/events/32376-board-of-governors-of-the-federal-reserve-system.md) | +0.4% | +0.4% |

## Sources

- fxdailyreport.com: https://fxdailyreport.com/chinese-yuan-holds-steady-against-dollar-euro-on-mixed-economic-data/

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