# China's yuan sees biggest quarterly fall on record

> China's yuan hit a six-month low and recorded its biggest quarterly fall against the dollar on record. Sources told Reuters the PBOC was willing to let the yuan weaken to 6.8 per dollar over the rest of the year, though the central bank called the report inaccurate. The currency was trading near 6.6 per dollar, about 3% weaker since March.

- Date: 2016-06-30 · published 2016-06-30T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/12456-china-s-yuan-sees-biggest-quarterly-fall-on-record
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A central bank tolerating further yuan weakness lowers the cost of Chinese purchases of dollar-priced commodities for importers, but it also signals softer Chinese demand and a firmer dollar.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2016-06-30 | 5 | +1.1% | 2.9 | The yuan hit a six-month low with a record quarterly fall and reports of PBOC tolerance for 6.8, which reinforced depreciation expectations at the end of the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-12-30 | [FXNEWS24 \|China's yuan set for biggest yearly loss since 1994 \| UK Forex Reviews](https://feedsoft.ai/events/12766-fxnews24-china-s-yuan-set-for-biggest-yearly-loss-since-1994-uk-forex-reviews.md) | -1.8% | -3.1% |
| 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 | 2017-01-25 | [Surprise China MLF rate rise weighs on bonds; yuan and money rates fall \| Reuters](https://feedsoft.ai/events/73175-surprise-china-mlf-rate-rise-weighs-on-bonds-yuan-and-money-rates-fall-reuters.md) | +0.3% | +0.3% |
| USDCNY | 2018-05-18 | [China's yuan set to post biggest weekly fall in 3 months as dollar tracks yields higher](https://feedsoft.ai/events/65231-china-s-yuan-set-to-post-biggest-weekly-fall-in-3-months-as-dollar-tracks.md) | +0.2% | +1.2% |
| USDCNY | 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) | +0.5% | +3.2% |
| DXY | 2022-12-30 | [FXNEWS24 \|China's yuan set for biggest yearly loss since 1994 \| UK Forex Reviews](https://feedsoft.ai/events/12766-fxnews24-china-s-yuan-set-for-biggest-yearly-loss-since-1994-uk-forex-reviews.md) | -0.5% | -2.3% |
| DXY | 2017-01-25 | [Surprise China MLF rate rise weighs on bonds; yuan and money rates fall \| Reuters](https://feedsoft.ai/events/73175-surprise-china-mlf-rate-rise-weighs-on-bonds-yuan-and-money-rates-fall-reuters.md) | -0.7% | -0.7% |
| DXY | 2018-05-18 | [China's yuan set to post biggest weekly fall in 3 months as dollar tracks yields higher](https://feedsoft.ai/events/65231-china-s-yuan-set-to-post-biggest-weekly-fall-in-3-months-as-dollar-tracks.md) | +0.1% | +1.8% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-idUSL8N19M2FI/?feedName=usDollarRpt&feedType=RSS

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