# Offshore Yuan Heads for Monthly Loss

> The offshore yuan weakened to about 6.79 per dollar in June, reversing two months of gains. A stronger dollar, softer-than-expected PBoC fixings and safe-haven demand drove the move. China's manufacturing PMI rose to 50.3 and the non-manufacturing PMI to 50.2.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/19037-offshore-yuan-heads-for-monthly-loss
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Persistent PBoC weakness signals tolerance for gradual yuan depreciation, which tends to raise the yuan cost of dollar-priced commodity imports and modestly soften Chinese demand at current prices.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-03-31 | [Chinese yuan heads for first monthly loss since July - Markets - Business Recorder](https://feedsoft.ai/events/20385-chinese-yuan-heads-for-first-monthly-loss-since-july-markets-business-recorder.md) | -0.5% | -1.3% |
| USDCNY | 2023-04-28 | [China’s yuan rebounds, but looks set for a losing month - Markets - Business Recorder](https://feedsoft.ai/events/36604-china-s-yuan-rebounds-but-looks-set-for-a-losing-month-markets-business-recorder.md) | -0.2% | +2.2% |
| USDCNY | 2022-05-13 | [China’s yuan extends declines to new 19 month low, set for 6th weekly drop](https://feedsoft.ai/events/9859-china-s-yuan-extends-declines-to-new-19-month-low-set-for-6th-weekly-drop.md) | -1.1% | -1.1% |
| USDCNY | 2026-03-12 | [Offshore Yuan Falls on Strong Dollar — TradingView News](https://feedsoft.ai/events/11678-offshore-yuan-falls-on-strong-dollar-tradingview-news.md) | +0.1% | -0.5% |
| USDCNY | 2024-05-30 | [Yuan Hits Six-Month Low Amid Dollar Surge - Finimize](https://feedsoft.ai/events/30493-yuan-hits-six-month-low-amid-dollar-surge-finimize.md) | -0.0% | +0.3% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/china/currency/news/562737

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