# Yuan ends at 19-month low, sluggish trade data reaffirms lockdown pain - The Business Times

> The yuan closed near a 19-month low against a firmer US dollar on May 9, 2022, breaking the 6.7 per dollar level. April export growth slowed to single digits and imports were flat as lockdowns halted factory output and weakened domestic demand.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/10988-yuan-ends-at-19-month-low-sluggish-trade-data-reaffirms-lockdown-pain-the
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak trade data signals reduced Chinese industrial and feed demand, which can pressure import-linked grain and meal prices. The weaker yuan also makes dollar-priced imports more expensive for Chinese buyers.

## Read by commodity

- SBM: bearish ▼
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2022-05-09 | 1 | +1.0% | 3.3 | Same-day close breaking 6.7 per dollar, with weak trade data and lockdown-hit demand adding to the pressure on the yuan. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-03-08 | [China's yuan weakens to 2-month low, with key 7-per-dollar level in sight  - The Business Times](https://feedsoft.ai/events/37091-china-s-yuan-weakens-to-2-month-low-with-key-7-per-dollar-level-in-sight-the.md) | -1.3% | -1.2% |
| USDCNY | 2021-03-31 | [Yuan off lows on upbeat PMI data, but set for worst month since Aug 2019 - Markets - Business Recorder](https://feedsoft.ai/events/48331-yuan-off-lows-on-upbeat-pmi-data-but-set-for-worst-month-since-aug-2019-markets.md) | -0.5% | -1.3% |
| USDCNY | 2024-04-28 | [Yuan near five-month low against dollar - Business & Finance - Business Recorder](https://feedsoft.ai/events/30954-yuan-near-five-month-low-against-dollar-business-and-finance-business-recorder.md) | -0.1% | -0.1% |
| USDCNY | 2024-11-12 | [China’s yuan weakens to 3-1/2-month low as Trump tariff threat weighs - Markets - Business Recorder](https://feedsoft.ai/events/6701-china-s-yuan-weakens-to-3-1-2-month-low-as-trump-tariff-threat-weighs-markets.md) | +0.8% | +1.0% |
| USDCNY | 2017-04-25 | [China's yuan dips against US dollar, falls to record low against currency basket - The Business Times](https://feedsoft.ai/events/71709-china-s-yuan-dips-against-us-dollar-falls-to-record-low-against-currency-basket.md) | +0.1% | -0.0% |
| SBM | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | -4.2% | -2.8% |
| SBM | 2018-09-28 | [US-China trade war may push yuan 10 percent lower: Economist Andy Xie](https://feedsoft.ai/events/63265-us-china-trade-war-may-push-yuan-10-percent-lower-economist-andy-xie.md) | +0.1% | -1.3% |
| SBM | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -8.2% | +3.6% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/yuan-ends-19-month-low-sluggish-trade-data-reaffirms-lockdown

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