# Asia FX Talking: Pressure builds on the renminbi | articles | ING THINK

> ING says pressure on the renminbi is building as the US-China trade standoff continues, with USD/CNY trading in a 7.22-7.35 range over the past month. ING expects the PBoC to avoid a quick devaluation and keeps a 2025 range of 7.00-7.40.

- Date: 2025-04-16 · published 2025-04-16T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/25366-asia-fx-talking-pressure-builds-on-the-renminbi-articles-ing-think
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan would lower China's cost of US imports and could reduce its appetite for US feed grains and meal, reinforcing bearish trade signals for US exporters.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-10-25 | [FX Daily: People’s Bank of China loosens its hold on the renminbi \| articles \| ING THINK](https://feedsoft.ai/events/39356-fx-daily-people-s-bank-of-china-loosens-its-hold-on-the-renminbi-articles-ing.md) | +0.6% | -1.7% |
| USDCNY | 2022-05-09 | [FX Daily: Renminbi re-appraisal keeps emerging market FX on back foot \| articles \| ING THINK](https://feedsoft.ai/events/10989-fx-daily-renminbi-re-appraisal-keeps-emerging-market-fx-on-back-foot-articles.md) | +1.8% | -0.2% |
| USDCNY | 2019-05-08 | [EM FX: Floating in a sea of red \| articles \| ING THINK](https://feedsoft.ai/events/10432-em-fx-floating-in-a-sea-of-red-articles-ing-think.md) | +1.4% | +2.0% |
| USDCNY | 2024-05-29 | [Pressure mounts on Beijing to allow renminbi to weaken - The Pound Hub](https://feedsoft.ai/events/30494-pressure-mounts-on-beijing-to-allow-renminbi-to-weaken-the-pound-hub.md) | -0.1% | +0.3% |
| USDCNY | 2018-05-30 | [Why we’re forecasting the yuan to depreciate \| articles \| ING THINK](https://feedsoft.ai/events/65232-why-we-re-forecasting-the-yuan-to-depreciate-articles-ing-think.md) | -0.2% | +2.5% |

## Sources

- think.ing.com: https://think.ing.com/articles/asia-fx-talking-april-2025/

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