# Will the renminbi surprise the market? - BNP Paribas Asset Management UK

> BNP Paribas Asset Management argues that China's exchange rate policy favours a stable renminbi, but the factors that supported the currency are turning negative. Its view is that the renminbi should weaken in 2022. Possible US tariff exclusions for Chinese exports could also give the currency some support.

- Date: 2021-12-09 · published 2021-12-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11296-will-the-renminbi-surprise-the-market-bnp-paribas-asset-management-uk
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan would make Chinese purchases of US dollar-priced feed ingredients more expensive, which could dampen import demand. The view is an analyst forecast rather than a confirmed move.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-12-05 | [Renminbi movements: it's more than the trade and current account - OMFIF](https://feedsoft.ai/events/6575-renminbi-movements-it-s-more-than-the-trade-and-current-account-omfif.md) | -0.9% | -1.5% |
| USDCNY | 2022-05-24 | [A fireside chat about the renminbi – How far will it fall? \| ViewPoint English](https://feedsoft.ai/events/9860-a-fireside-chat-about-the-renminbi-how-far-will-it-fall-viewpoint-english.md) | +0.3% | +0.7% |
| USDCNY | 2024-05-29 | [Pressure mounts on Beijing to allow renminbi to weaken - The Pound Hub](https://feedsoft.ai/events/30494-pressure-mounts-on-beijing-to-allow-renminbi-to-weaken-the-pound-hub.md) | -0.1% | +0.3% |
| USDCNY | 2022-05-09 | [FX Daily: Renminbi re-appraisal keeps emerging market FX on back foot \| articles \| ING THINK](https://feedsoft.ai/events/10989-fx-daily-renminbi-re-appraisal-keeps-emerging-market-fx-on-back-foot-articles.md) | +1.8% | -0.2% |
| USDCNY | 2025-04-16 | [Asia FX Talking: Pressure builds on the renminbi \| articles \| ING THINK](https://feedsoft.ai/events/25366-asia-fx-talking-pressure-builds-on-the-renminbi-articles-ing-think.md) | -0.0% | -1.5% |

## Sources

- bnpparibas-am.com: https://www.bnpparibas-am.com/en-gb/front-of-mind/will-the-renminbi-surprise-the-market/

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