# China ramps up global yuan push, seizing on retreating dollar | Reuters

> Cross-border yuan payments hit a record in March as tariffs eroded confidence in the US dollar. Analysts say there is renewed appetite for a global yuan, though it will not displace the dollar.

- Date: 2025-04-29 · published 2025-04-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/25348-china-ramps-up-global-yuan-push-seizing-on-retreating-dollar-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Growing yuan settlement is a slow structural shift in trade finance and has little immediate effect on feed grain prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-10-30 | [Major Chinese banks seen swapping yuan for dollars in forwards: traders \| Reuters](https://feedsoft.ai/events/62767-major-chinese-banks-seen-swapping-yuan-for-dollars-in-forwards-traders-reuters.md) | -0.5% | -0.1% |
| USDCNY | 2019-12-31 | [China adjusts CFETS index basket, cutting dollar weighting \| Reuters](https://feedsoft.ai/events/55799-china-adjusts-cfets-index-basket-cutting-dollar-weighting-reuters.md) | -0.6% | -1.0% |
| USDCNY | 2018-11-14 | [US-China trade war: Tariffs spur record dollar-yuan currency trading](https://feedsoft.ai/events/62265-us-china-trade-war-tariffs-spur-record-dollar-yuan-currency-trading.md) | -0.1% | -1.1% |
| USDCNY | 2023-08-18 | [Dollar set for fifth straight week of gains as China stays top of mind \| Reuters](https://feedsoft.ai/events/34806-dollar-set-for-fifth-straight-week-of-gains-as-china-stays-top-of-mind-reuters.md) | -0.2% | -0.2% |
| USDCNY | 2023-12-05 | [Moody's puts China on downgrade warning as growth, property pressures mount \| Reuters](https://feedsoft.ai/events/32926-moody-s-puts-china-on-downgrade-warning-as-growth-property-pressures-mount.md) | +0.5% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/world/china/china-ramps-up-global-yuan-push-seizing-retreating-dollar-2025-04-29/

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