# MNI Interview: Volatile Yuan Ahead As Uncertainty...- 01-04-2024 | MNI

> An economist at BOC International said the yuan will be volatile in 2024 and forecast the US dollar index near 100. He linked a stronger yuan to a Federal Reserve rate pivot and to improved Chinese consumption and investment. He also projected China's 2024 GDP growth at about 4.8%.

- Date: 2024-01-04 · published 2024-01-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11840-mni-interview-volatile-yuan-ahead-as-uncertainty-01-04-2024-mni
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expected Chinese growth and a softer dollar would support demand for imported commodities such as soybeans and meal. The forecast is an outlook rather than a new shock, so the price effect is modest.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-01-10 | [China state media warn of two-way volatility for yuan in 2023](https://feedsoft.ai/events/12765-china-state-media-warn-of-two-way-volatility-for-yuan-in-2023.md) | +0.0% | +0.3% |
| USDCNY | 2019-11-28 | [CNY: Entering a volatile year](https://feedsoft.ai/events/56294-cny-entering-a-volatile-year.md) | +0.2% | -0.5% |
| USDCNY | 2024-11-04 | [Yuan bounces as traders brace for US election volatility - Markets - Business Recorder](https://feedsoft.ai/events/6695-yuan-bounces-as-traders-brace-for-us-election-volatility-markets-business.md) | +0.8% | +2.3% |
| USDCNY | 2019-01-22 | [Volatility expected for Chinese yuan, as experts diverge on 2019 outlooks \| South China Morning Post](https://feedsoft.ai/events/61315-volatility-expected-for-chinese-yuan-as-experts-diverge-on-2019-outlooks-south.md) | -0.5% | -0.3% |
| USDCNY | 2024-08-30 | [China’s yuan volatility rising on interest rates, US presidential election: Goldman \| South China Morning Post](https://feedsoft.ai/events/29023-china-s-yuan-volatility-rising-on-interest-rates-us-presidential-election.md) | -0.1% | -1.2% |

## Sources

- mnimarkets.com: https://www.mnimarkets.com/articles/mni-interview-volatile-yuan-ahead-as-uncertainty-dominates

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