# China’s yuan set to end longest weekly rally since 2012 on Middle East turmoil | Reuters

> China's yuan was little changed on Friday after edging higher, but was on track to end a 13-week winning streak, its longest since 2012. The dollar firmed broadly amid the widening Middle East conflict, and the PBOC removed foreign exchange risk reserves for forward contracts, encouraging corporate dollar demand.

- Date: 2026-03-06 · published 2026-03-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11676-china-s-yuan-set-to-end-longest-weekly-rally-since-2012-on-middle-east-turmoil
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar and weaker yuan raise the cost of dollar-priced grain and feed imports for China, which can soften Chinese buying interest and pressure soybean and meal prices.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-10-29 | [China's yuan finishes onshore trading at weakest since 2008 By Reuters](https://feedsoft.ai/events/62763-china-s-yuan-finishes-onshore-trading-at-weakest-since-2008-by-reuters.md) | -0.8% | +0.1% |
| USDCNY | 2025-09-26 | [China’s yuan touches 3-week low, looks set for biggest weekly drop since July - Markets - Business Recorder](https://feedsoft.ai/events/23111-china-s-yuan-touches-3-week-low-looks-set-for-biggest-weekly-drop-since-july.md) | -0.2% | -0.2% |
| USDCNY | 2021-07-26 | [Yuan nears 1-week low, eyes on China's Politburo, U.S. Fed \| Reuters](https://feedsoft.ai/events/46284-yuan-nears-1-week-low-eyes-on-china-s-politburo-u-s-fed-reuters.md) | -0.3% | +0.3% |
| USDCNY | 2018-09-28 | [NEXEN \| Reuters Insider - Asia Insight: Yuan eases to 1-month low, set for longest monthly losing streak since 1994](https://feedsoft.ai/events/63266-nexen-reuters-insider-asia-insight-yuan-eases-to-1-month-low-set-for-longest.md) | -0.3% | +0.8% |
| USDCNY | 2022-09-28 | [China's yuan ends at weakest since global financial crisis, hits record low offshore \| Reuters](https://feedsoft.ai/events/7206-china-s-yuan-ends-at-weakest-since-global-financial-crisis-hits-record-low.md) | -0.9% | -0.1% |
| SOY | 2018-09-28 | [NEXEN \| Reuters Insider - Asia Insight: Yuan eases to 1-month low, set for longest monthly losing streak since 1994](https://feedsoft.ai/events/63266-nexen-reuters-insider-asia-insight-yuan-eases-to-1-month-low-set-for-longest.md) | +0.5% | -1.5% |
| SOY | 2025-04-08 | [China's yuan hits 2023 lows on signs PBOC is tolerant of some weakness \| Reuters](https://feedsoft.ai/events/25349-china-s-yuan-hits-2023-lows-on-signs-pboc-is-tolerant-of-some-weakness-reuters.md) | +6.0% | +5.3% |
| SOY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | -3.4% | -6.6% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/chinas-yuan-set-end-longest-weekly-rally-since-2012-middle-east-turmoil-2026-03-06/

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