# Yuan pressured by depreciation expectations; long-term yields fall to record lows

> The yuan came under pressure from expectations of depreciation, while Chinese long-term government bond yields fell to record lows on monetary easing expectations. The yield gap with the US widened to its largest level in 22 years.

- Date: 2025-01-01 · published 2025-01-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/27165-yuan-pressured-by-depreciation-expectations-long-term-yields-fall-to-record-lows
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weak yuan and easing expectations point to continued pressure on Chinese currency and import purchasing power, which can soften demand for US and Brazilian feed commodities.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-01-06 | [China's yuan eases on hawkish Fed, warning of depreciation pressure \| Reuters](https://feedsoft.ai/events/43356-china-s-yuan-eases-on-hawkish-fed-warning-of-depreciation-pressure-reuters.md) | -0.1% | -0.0% |
| USDCNY | 2017-08-15 | [Analysis: Yuan's strength against the dollar fails to snuff out depreciation expectations](https://feedsoft.ai/events/69678-analysis-yuan-s-strength-against-the-dollar-fails-to-snuff-out-depreciation.md) | -0.1% | -2.0% |
| USDCNY | 2022-01-05 | [PBOC-backed newspaper warns of yuan depreciation pressure in 2022 \| Reuters](https://feedsoft.ai/events/43357-pboc-backed-newspaper-warns-of-yuan-depreciation-pressure-in-2022-reuters.md) | +0.0% | -0.2% |
| USDCNY | 2024-01-31 | [China’s yuan eases after PMI, dragged by falling bond yields - Markets - Business Recorder](https://feedsoft.ai/events/32348-china-s-yuan-eases-after-pmi-dragged-by-falling-bond-yields-markets-business.md) | +0.2% | +0.3% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yuan-under-pressure-after-report-china-is-considering-weaker-currency-2024-12-12/

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