# PBOC Will Let China's Yuan CNY USD Slide Past 7 Per Dollar, Analysts Say - Bloomberg

> Analysts expect the yuan to slide past 7 per dollar with little official resistance, as the currency still screens relatively expensive against non-dollar peers. The PBOC is seen as aiming to prevent a disorderly decline.

- Date: 2022-09-02 · published 2022-09-02T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/12272-pboc-will-let-china-s-yuan-cny-usd-slide-past-7-per-dollar-analysts-say
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker yuan raises the cost of dollar-priced US soybean and corn imports for China, which can dampen Chinese import demand and pressure US export prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-02/yuan-to-break-seven-as-old-line-in-sand-vanishes-in-dollar-world

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