# Chinese Yuan: China slowdown weighs on CNY against US Dollar – Commerzbank

> Commerzbank says China's industrial profit growth slowed to 21.1% year on year in May, down from 24.7% in April. The bank expects June PMIs to slip into contraction and sees weak consumption and investment weighing on the yuan. It still sees scope for a 10bp PBoC cut in the second half.

- Date: 2026-06-29 · published 2026-06-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/19039-chinese-yuan-china-slowdown-weighs-on-cny-against-us-dollar-commerzbank
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker Chinese economy and softer yuan can dampen import demand for feed commodities, though the link to near-term grain prices is indirect.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.2% | +0.3% |
| USDCNY | 2022-09-28 | [Chinese yuan: Currency hits record lows against US dollar - BBC News](https://feedsoft.ai/events/7208-chinese-yuan-currency-hits-record-lows-against-us-dollar-bbc-news.md) | -0.9% | -0.1% |
| USDCNY | 2017-08-25 | [Chinese yuan weakens to 6.6579 against USD Friday - Chinadaily.com.cn](https://feedsoft.ai/events/10858-chinese-yuan-weakens-to-6-6579-against-usd-friday-chinadaily-com-cn.md) | -1.1% | -1.1% |
| USDCNY | 2018-06-28 | [Chinese yuan hits fresh low against USD Wednesday](https://feedsoft.ai/events/64734-chinese-yuan-hits-fresh-low-against-usd-wednesday.md) | +0.5% | +2.8% |
| USDCNY | 2017-06-27 | [China's yuan again slightly weakens, corporate US dollar demand strong - Times of News](https://feedsoft.ai/events/11181-china-s-yuan-again-slightly-weakens-corporate-us-dollar-demand-strong-times-of.md) | -0.6% | -1.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/chinese-yuan-china-slowdown-weighs-on-cny-against-us-dollar-commerzbank-202606291412

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