# EXCLUSIVE: China's central bank asks state lenders to reduce dollar purchases, sources say

> China's central bank reportedly asked state-owned lenders to reduce US dollar purchases, according to sources. The move comes as the yuan faces heavy downward pressure from US tariffs and Beijing's retaliation.

- Date: 2025-05-01 · published 2025-05-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/25347-exclusive-china-s-central-bank-asks-state-lenders-to-reduce-dollar-purchases
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Managing yuan weakness supports Chinese import costs for feed commodities, a factor for US export demand and dollar-denominated grain prices.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-09-14 | [Exclusive: China asks big banks to stagger and adjust dollar purchases, sources say](https://feedsoft.ai/events/34327-exclusive-china-asks-big-banks-to-stagger-and-adjust-dollar-purchases-sources.md) | +0.2% | +0.4% |
| USDCNY | 2018-07-04 | [Exclusive: China to be less interventionist on yuan than in 2015 - sources \| Reuters](https://feedsoft.ai/events/64269-exclusive-china-to-be-less-interventionist-on-yuan-than-in-2015-sources-reuters.md) | +0.6% | +2.7% |
| USDCNY | 2024-07-25 | [China central bank surprises by lending again at lower rates \| Reuters](https://feedsoft.ai/events/7521-china-central-bank-surprises-by-lending-again-at-lower-rates-reuters.md) | -0.6% | -1.8% |
| USDCNY | 2016-11-18 | [Exclusive - China ready to slow yuan descent, worried about capital outflows: sources](https://feedsoft.ai/events/74060-exclusive-china-ready-to-slow-yuan-descent-worried-about-capital-outflows.md) | +0.7% | +1.3% |
| USDCNY | 2024-05-23 | [China Allows Yuan to Drop as Outflows, Dollar Test Central Bank’s Grip - Caixin Global](https://feedsoft.ai/events/30490-china-allows-yuan-to-drop-as-outflows-dollar-test-central-bank-s-grip-caixin.md) | +0.1% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/world/china/chinas-central-bank-asks-state-lenders-reduce-dollar-purchases-sources-say-2025-04-09/

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