# China’s yuan eases as investors wait for stimulus details, outcome of Blinken visit - Markets - Business Recorder

> The yuan eased against the dollar on Monday as investors awaited details of a Chinese government stimulus and the outcome of US Secretary of State Blinken's Beijing visit. The PBOC set its midpoint fix at 7.1201, while onshore spot weakened to 7.1486 by midday.

- Date: 2023-06-19 · published 2023-06-19T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11232-china-s-yuan-eases-as-investors-wait-for-stimulus-details-outcome-of-blinken
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Uncertainty over stimulus scale and US-China relations keeps yuan volatility elevated, which affects Chinese buying power for imported commodities. The impact on feed prices is indirect.

## Read by commodity

- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2023-06-20 | 1 | +0.8% | 3.2 | The yuan was already easing on 19 June while investors waited for stimulus details, and that set up the weaker starting level and the sentiment behind the 20 June move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-06-02 | [China’s yuan eases as investors expect higher cash injection in June - Markets - Business Recorder](https://feedsoft.ai/events/41174-china-s-yuan-eases-as-investors-expect-higher-cash-injection-in-june-markets.md) | -0.0% | +0.2% |
| USDCNY | 2023-03-29 | [China’s yuan eases, market awaits March PMIs for clues on economic recovery - Markets - Business Recorder](https://feedsoft.ai/events/37087-china-s-yuan-eases-market-awaits-march-pmis-for-clues-on-economic-recovery.md) | +0.1% | +0.9% |
| USDCNY | 2024-10-31 | [China’s yuan eases ahead of US election, shrugs off strong PMI - Markets - Business Recorder](https://feedsoft.ai/events/28077-china-s-yuan-eases-ahead-of-us-election-shrugs-off-strong-pmi-markets-business.md) | +0.8% | +1.7% |
| USDCNY | 2022-06-08 | [China’s yuan eases amid concerns of increasing policy divergence - Markets - Business Recorder](https://feedsoft.ai/events/41173-china-s-yuan-eases-amid-concerns-of-increasing-policy-divergence-markets.md) | +1.1% | +0.5% |
| USDCNY | 2024-01-31 | [China’s yuan eases after PMI, dragged by falling bond yields - Markets - Business Recorder](https://feedsoft.ai/events/32348-china-s-yuan-eases-after-pmi-dragged-by-falling-bond-yields-markets-business.md) | +0.2% | +0.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40248577

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