# China’s yuan weakens on persistent property sector woes - Markets - Business Recorder

> China's yuan weakened against the US dollar after data showed persistent weakness in the property sector, with property investment falling sharply and new home prices remaining weak. The spot rate traded near 7.26 per dollar, slightly weaker than the previous close.

- Date: 2023-11-16 · published 2023-11-16T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/12025-china-s-yuan-weakens-on-persistent-property-sector-woes-markets-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weak growth signals and a soft property sector cap yuan strength, which tends to keep USDCNY elevated and dampens Chinese import demand sentiment for feed inputs.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-07-27 | [China’s yuan weakens as Fed looms, property, COVID weigh - Markets - Business Recorder](https://feedsoft.ai/events/40700-china-s-yuan-weakens-as-fed-looms-property-covid-weigh-markets-business-recorder.md) | -0.2% | +1.3% |
| USDCNY | 2023-03-02 | [China’s yuan weakens on Fed official’s hawkish comments - Markets - Business Recorder](https://feedsoft.ai/events/37094-china-s-yuan-weakens-on-fed-official-s-hawkish-comments-markets-business.md) | +1.2% | +0.3% |
| USDCNY | 2023-12-11 | [China’s yuan weakens to 3-week low, hurt by deflation signs - Markets - Business Recorder](https://feedsoft.ai/events/6455-china-s-yuan-weakens-to-3-week-low-hurt-by-deflation-signs-markets-business.md) | -0.7% | +0.0% |
| USDCNY | 2021-03-24 | [China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder](https://feedsoft.ai/events/48336-china-s-yuan-slips-on-dollar-strength-sino-west-tensions-markets-business.md) | +0.9% | -0.3% |
| USDCNY | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | +0.6% | +0.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40273588

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