# CNY/USD: China’s Yuan Falls to One-Year Low on Tariff Risk, Dollar Gains - Bloomberg

> The yuan fell to a one-year low as tariff risk and a stronger dollar weighed on it, while China's 10-year bond yields slid to a record. Bloomberg reports authorities tried to support the currency.

- Date: 2024-12-03 · published 2024-12-03T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/27168-cny-usd-china-s-yuan-falls-to-one-year-low-on-tariff-risk-dollar-gains-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan weakness driven by expected US tariffs raises the cost of dollar-priced imports for China and signals softer demand for US farm commodities.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.2% | +0.3% |
| USDCNY | 2022-10-24 | [CNY/USD: China Yuan Weakens Past 7.3 Per Dollar, All-Time Low Since 2010 - Bloomberg](https://feedsoft.ai/events/6932-cny-usd-china-yuan-weakens-past-7-3-per-dollar-all-time-low-since-2010-bloomberg.md) | +0.1% | -1.0% |
| USDCNY | 2022-08-19 | [China Yuan Slumps to Near-Two-Year Low Against USD as Rate Differential Widens - Bloomberg](https://feedsoft.ai/events/40262-china-yuan-slumps-to-near-two-year-low-against-usd-as-rate-differential-widens.md) | +0.9% | +2.9% |
| USDCNY | 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) | -0.6% | -1.2% |
| USDCNY | 2017-04-25 | [China's yuan dips against US dollar, falls to record low against currency basket - The Business Times](https://feedsoft.ai/events/71709-china-s-yuan-dips-against-us-dollar-falls-to-record-low-against-currency-basket.md) | +0.1% | -0.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-12-03/china-s-yuan-falls-to-one-year-low-on-tariff-risk-dollar-gains

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