# China's yuan hits 2023 lows on signs PBOC is tolerant of some weakness | Reuters

> The yuan fell to its weakest level since 2023 as the central bank appeared tolerant of some depreciation. Analysts noted a weaker currency would make exports cheaper while risking capital outflows.

- Date: 2025-04-08 · published 2025-04-08T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/25349-china-s-yuan-hits-2023-lows-on-signs-pboc-is-tolerant-of-some-weakness-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A softer yuan can make Chinese buyers of US soybeans and meal less willing to pay up, though the effect on feed prices is indirect.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-28 | [China's yuan ends at weakest since global financial crisis, hits record low offshore \| Reuters](https://feedsoft.ai/events/7206-china-s-yuan-ends-at-weakest-since-global-financial-crisis-hits-record-low.md) | -0.9% | -0.1% |
| USDCNY | 2023-12-11 | [China’s yuan weakens to 3-week low, hurt by deflation signs - Markets - Business Recorder](https://feedsoft.ai/events/6455-china-s-yuan-weakens-to-3-week-low-hurt-by-deflation-signs-markets-business.md) | -0.7% | +0.0% |
| USDCNY | 2021-07-26 | [Yuan nears 1-week low, eyes on China's Politburo, U.S. Fed \| Reuters](https://feedsoft.ai/events/46284-yuan-nears-1-week-low-eyes-on-china-s-politburo-u-s-fed-reuters.md) | -0.3% | +0.3% |
| USDCNY | 2022-05-11 | [How PBOC might respond to China's weakening yuan](https://feedsoft.ai/events/10987-how-pboc-might-respond-to-china-s-weakening-yuan.md) | +0.0% | -0.8% |
| USDCNY | 2018-10-29 | [China's yuan finishes onshore trading at weakest since 2008 By Reuters](https://feedsoft.ai/events/62763-china-s-yuan-finishes-onshore-trading-at-weakest-since-2008-by-reuters.md) | -0.8% | +0.1% |
| SOY | 2026-03-06 | [China’s yuan set to end longest weekly rally since 2012 on Middle East turmoil \| Reuters](https://feedsoft.ai/events/11676-china-s-yuan-set-to-end-longest-weekly-rally-since-2012-on-middle-east-turmoil.md) | +4.2% | -0.0% |
| SOY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | -3.4% | -6.6% |
| SOY | 2025-05-01 | [Yuan falls to 2007 lows as US tariffs on China kick in](https://feedsoft.ai/events/25346-yuan-falls-to-2007-lows-as-us-tariffs-on-china-kick-in.md) | -0.4% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/chinas-yuan-hits-2023-lows-signs-pboc-is-tolerant-some-weakness-2025-04-08/

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