# USD/CNY to slip towards 6.70 by end-2023 – TDS: Analytics and Market news from 9 January 2023 11:52

> TD Securities expects USD/CNY to edge lower to about 6.70 by end-2023 after the yuan appreciated roughly 7.4% since early November 2022. The bank expects trade-weighted yuan weakness to resume as authorities favor depreciation to protect export competitiveness. It also cites a narrowing current account surplus as a drag on the currency.

- Date: 2023-01-09 · published 2023-01-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/12769-usd-cny-to-slip-towards-6-70-by-end-2023-tds-analytics-and-market-news-from-9
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Slight yuan appreciation against the dollar lowers import costs, while expected trade-weighted weakness could support Chinese export competitiveness. The forecast implies a modestly lower USD/CNY.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-08-31 | [CNY seems to have decoupled from the broader market - Westpac — Octa](https://feedsoft.ai/events/69674-cny-seems-to-have-decoupled-from-the-broader-market-westpac-octa.md) | -1.7% | +1.0% |
| USDCNY | 2019-02-25 | [News Analysis: Robust yuan points to market confidence in Chinese economy - Xinhua \| English.news.cn](https://feedsoft.ai/events/60808-news-analysis-robust-yuan-points-to-market-confidence-in-chinese-economy-xinhua.md) | -0.1% | +0.1% |
| USDCNY | 2025-08-04 | [China's yuan rebounds from 2-month low on weak US jobs and Fed rate cut expectations \| MarketScreener](https://feedsoft.ai/events/10144-china-s-yuan-rebounds-from-2-month-low-on-weak-us-jobs-and-fed-rate-cut.md) | -0.4% | -1.1% |
| USDCNY | 2026-07-30 | [CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg](https://feedsoft.ai/events/18568-cny-usd-yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed.md) | -0.3% | -0.6% |
| USDCNY | 2017-10-31 | [Chinese yuan strengthens to 6.6397 against USD Tuesday - Xinhua \| English.news.cn](https://feedsoft.ai/events/68676-chinese-yuan-strengthens-to-6-6397-against-usd-tuesday-xinhua-english-news-cn.md) | -0.3% | -0.6% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3826558

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