# Sideways Movement for the Chinese Yuan Amid Mixed Economic Data

> The USD/CNH pair has traded sideways between roughly 7.15 and 7.23 over the past three months and is down about 2% year to date. China's manufacturing PMI fell into contraction at 49.3 and the Caixin manufacturing PMI slipped to 49.5, while the Caixin services PMI rose to 52.6.

- Date: 2025-08-06 · published 2025-08-06T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/10148-sideways-movement-for-the-chinese-yuan-amid-mixed-economic-data
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Mixed Chinese PMI data and a range-bound yuan give no clear signal for Chinese import demand for feed ingredients. Price impact on grains and meal is minimal.

## Read by commodity

- USDCNY: neutral

## Sources

- tradetaurex.com: https://www.tradetaurex.com/news/sideways-movement-for-the-chinese-yuan-amid-mixed-economic-data/

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