# FXNEWS24 |China's yuan set for biggest yearly loss since 1994 | UK Forex Reviews

> The yuan is set for its biggest annual loss against the dollar since 1994, despite a strong recovery over the prior two months. USD/CNY peaked near 7.30 in late October to early November. The author links the yuan's weakness to a stronger dollar and expects the Fed tightening cycle to be questioned.

- Date: 2022-12-30 · published 2022-12-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/12766-fxnews24-china-s-yuan-set-for-biggest-yearly-loss-since-1994-uk-forex-reviews
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan weakness through 2022 raised the dollar cost of Chinese imports, while a softer dollar outlook could reduce that pressure. The story describes a past move more than a new price driver.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-06-30 | [China's yuan sees biggest quarterly fall on record](https://feedsoft.ai/events/12456-china-s-yuan-sees-biggest-quarterly-fall-on-record.md) | +0.6% | +0.8% |
| DXY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | +0.4% | -1.2% |
| DXY | 2024-01-31 | [FXNEWS24 \|US Dollar Looks to Jobs Data After Fed; Setups on Gold, EUR/USD, USD/JPY, GBP/USD \| UK Forex Reviews](https://feedsoft.ai/events/32037-fxnews24-us-dollar-looks-to-jobs-data-after-fed-setups-on-gold-eur-usd-usd-jpy.md) | +0.3% | +0.4% |
| DXY | 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) | +0.1% | +1.2% |
| 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% |
| 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 | 2016-06-30 | [China's yuan sees biggest quarterly fall on record](https://feedsoft.ai/events/12456-china-s-yuan-sees-biggest-quarterly-fall-on-record.md) | +0.7% | +0.3% |
| USDCNY | 2023-10-23 | [China Sept forex outflows hit $75 bln, biggest since 2016 - Goldman](https://feedsoft.ai/events/33856-china-sept-forex-outflows-hit-75-bln-biggest-since-2016-goldman.md) | +0.0% | -2.0% |

## Sources

- fxnews24.co.uk: https://fxnews24.co.uk/forex/chinas-yuan-set-for-biggest-yearly-loss-since-1994/
- investinglive.com: https://investinglive.com/news/chinas-yuan-set-for-biggest-yearly-loss-since-1994-20221230/

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