# Chinese yuan at a glance: There and back again | articles | ING THINK

> The yuan moved sharply weaker after US tariff announcements in April, peaking near 7.35 per dollar onshore before the PBoC stabilised it. By late April the USD/CNY had returned to around 7.26, near pre-tariff levels.

- Date: 2025-04-29 · published 2025-04-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/25350-chinese-yuan-at-a-glance-there-and-back-again-articles-ing-think
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The round trip reduces the currency-driven pressure on Chinese feed import costs, leaving tariffs as the main price driver for US meal and grain.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-03-26 | [Chinese Yuan Bounces Back Against US Dollar](https://feedsoft.ai/events/31443-chinese-yuan-bounces-back-against-us-dollar.md) | +0.3% | +0.4% |
| USDCNY | 2019-03-25 | [China: How opening up the financial sector could affect the yuan \| articles \| ING THINK](https://feedsoft.ai/events/60331-china-how-opening-up-the-financial-sector-could-affect-the-yuan-articles-ing.md) | -0.1% | -0.2% |
| USDCNY | 2024-11-14 | [Asia FX Talking: China will try to hold the line \| articles \| ING THINK](https://feedsoft.ai/events/6697-asia-fx-talking-china-will-try-to-hold-the-line-articles-ing-think.md) | +0.3% | +0.6% |
| USDCNY | 2024-08-23 | [CNY at a glance: Is the worst of China’s depreciation pressure over? \| ING THINK](https://feedsoft.ai/events/29028-cny-at-a-glance-is-the-worst-of-china-s-depreciation-pressure-over-ing-think.md) | -0.7% | -1.3% |
| USDCNY | 2025-01-20 | [CNY at a glance: A surprise post-US election outperformer \| ING THINK](https://feedsoft.ai/events/9597-cny-at-a-glance-a-surprise-post-us-election-outperformer-ing-think.md) | -1.0% | -0.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/chinese-yuan-at-a-glance-there-and-back-again/

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