# China's yuan again slightly weakens, corporate US dollar demand strong - Times of News

> The yuan weakened slightly against the dollar after the central bank set its midpoint at 6.8292, the weakest fix since May 31. Traders cited strong seasonal corporate dollar demand that was expected to persist into July.

- Date: 2017-06-27 · published 2017-06-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11181-china-s-yuan-again-slightly-weakens-corporate-us-dollar-demand-strong-times-of
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Seasonal dollar demand weakens the yuan, which slightly raises the cost of dollar-priced imports for Chinese feed buyers. The effect on grain prices is limited.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-11-13 | [China's yuan eases on weaker fix and seasonal corporate US dollar-buying - Times of News](https://feedsoft.ai/events/68220-china-s-yuan-eases-on-weaker-fix-and-seasonal-corporate-us-dollar-buying-times.md) | -0.2% | -0.3% |
| USDCNY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | -0.5% | -0.5% |
| USDCNY | 2017-03-09 | [China's yuan weakens, prompting dollar sales by state banks](https://feedsoft.ai/events/72221-china-s-yuan-weakens-prompting-dollar-sales-by-state-banks.md) | +0.0% | -0.3% |
| USDCNY | 2024-04-16 | [China's cycle of dollar hoarding and weakening yuan gets vicious](https://feedsoft.ai/events/30951-china-s-cycle-of-dollar-hoarding-and-weakening-yuan-gets-vicious.md) | +0.0% | -0.1% |
| USDCNY | 2026-06-29 | [Chinese Yuan: China slowdown weighs on CNY against US Dollar – Commerzbank](https://feedsoft.ai/events/19039-chinese-yuan-china-slowdown-weighs-on-cny-against-us-dollar-commerzbank.md) | -0.0% | -0.5% |

## Sources

- singapore.timesofnews.com: https://singapore.timesofnews.com/business-economy/chinas-yuan-again-slightly-weakens-corporate-us-dollar-demand-strong.html

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