# China’s march to strong yuan is long and perilous

> Reuters analysis says the yuan has seesawed against the dollar for several years despite PBOC efforts to keep it stable. It rebounded about 2.5% since July and, on September 25, fell below 7 per dollar for the first time in 16 months after the stimulus.

- Date: 2024-09-25 · published 2024-09-25T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/28557-china-s-march-to-strong-yuan-is-long-and-perilous
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan volatility and PBOC management shape the pace of Chinese currency-driven import costs, so the longer-term outlook for feed purchasing power remains uncertain.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-03-28 | [China sets yuan at much stronger fixing than markets expected](https://feedsoft.ai/events/31439-china-sets-yuan-at-much-stronger-fixing-than-markets-expected.md) | +0.1% | +0.3% |
| USDCNY | 2020-10-01 | [China Allows for Stronger Yuan as Xi Turns Focus to Home](https://feedsoft.ai/events/51317-china-allows-for-stronger-yuan-as-xi-turns-focus-to-home.md) | 0.0% | -1.1% |
| USDCNY | 2020-01-13 | [Yuan higher before the US said China is no longer a manipulator](https://feedsoft.ai/events/55311-yuan-higher-before-the-us-said-china-is-no-longer-a-manipulator.md) | -0.9% | +0.9% |
| USDCNY | 2022-11-11 | [China yuan's long-term strengthening trend will not change - state media](https://feedsoft.ai/events/38905-china-yuan-s-long-term-strengthening-trend-will-not-change-state-media.md) | -0.9% | -2.9% |
| USDCNY | 2019-12-26 | [China lifts yuan midpoint to strongest in 4-1/2 months \| Financial Post](https://feedsoft.ai/events/55801-china-lifts-yuan-midpoint-to-strongest-in-4-1-2-months-financial-post.md) | -0.6% | -1.3% |

## Sources

- reuters.com: https://www.reuters.com/breakingviews/chinas-march-strong-yuan-is-long-perilous-2024-09-25/

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