# Yuan to Stay Below 6.8 Versus US Dollar This Year as Greenback Will Likely Weaken

> Yicai Global reports that financial institutions expect the yuan to appreciate to between 6.7 and 6.8 per dollar in 2023. Barclays and Guotai Junan see 6.7 by year-end as the dollar weakens. China's easing of Covid travel restrictions from January 8 is expected to support overseas fund inflows.

- Date: 2023-01-05 · published 2023-01-05T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/12767-yuan-to-stay-below-6-8-versus-us-dollar-this-year-as-greenback-will-likely
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expected yuan appreciation and a softer dollar would lower the dollar cost of Chinese feed imports. The forecasts point to a lower USD/CNY rate.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2023-01-10 | 5 | -2.0% | -2.8 | Forecasts of yuan appreciation to 6.7-6.8 and expected inflows after travel easing reinforced bullish yuan sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-01-29 | [Chinese Yuan Breaches 7 Versus US Dollar for Second Time This Year](https://feedsoft.ai/events/21280-chinese-yuan-breaches-7-versus-us-dollar-for-second-time-this-year.md) | -0.1% | -1.5% |
| USDCNY | 2026-02-26 | [Chinese Yuan Breaks Past 6.84 to US Dollar, Hitting Nearly Three-Year High](https://feedsoft.ai/events/9165-chinese-yuan-breaks-past-6-84-to-us-dollar-hitting-nearly-three-year-high.md) | +0.4% | +0.5% |
| USDCNY | 2018-02-07 | [US dollar will stay weak if China has its way: Morgan Stanley - The Business Times](https://feedsoft.ai/events/7107-us-dollar-will-stay-weak-if-china-has-its-way-morgan-stanley-the-business-times.md) | +0.9% | +0.6% |
| USDCNY | 2021-05-28 | [CX Daily: Yuan’s Strength Seen Continuing as Dollar Weakens - Caixin Global](https://feedsoft.ai/events/47324-cx-daily-yuan-s-strength-seen-continuing-as-dollar-weakens-caixin-global.md) | +0.2% | +1.1% |
| USDCNY | 2024-01-01 | [Yuan Seen Rising Versus Dollar in 2024 as Capital Outflows Ease](https://feedsoft.ai/events/32923-yuan-seen-rising-versus-dollar-in-2024-as-capital-outflows-ease.md) | +0.8% | +1.1% |

## Sources

- yicaiglobal.com: https://www.yicaiglobal.com/news/us-dollar-yuan-exchange-rate-to-stay-below-68-this-year-as-greenback-will-likely-weaken

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