# Cash is leaving China again, pressuring yuan

> Capital is flowing out of China as domestic investors give up on an immediate recovery in local markets and move money abroad. The yuan fell to seven-month lows during the week, alongside a reversal in equity investment flows into China.

- Date: 2024-06-21 · published 2024-06-21T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/30004-cash-is-leaving-china-again-pressuring-yuan
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Capital outflows and a weaker yuan raise the cost of dollar-priced feed imports for Chinese buyers, which can dampen their purchasing appetite for soybeans, corn and meal.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-01-14 | [China Faces Harsh Dilemma as Yuan Comes Under Pressure - WSJ](https://feedsoft.ai/events/12209-china-faces-harsh-dilemma-as-yuan-comes-under-pressure-wsj.md) | -0.8% | -0.3% |
| USDCNY | 2023-05-18 | [As China's yuan drops through 7 again, the dollar is in the driver's seat](https://feedsoft.ai/events/36175-as-china-s-yuan-drops-through-7-again-the-dollar-is-in-the-driver-s-seat.md) | +0.9% | +1.9% |
| USDCNY | 2016-10-09 | [Flash crash of pound piles pressure on already weak yuan \| South China Morning Post](https://feedsoft.ai/events/5891-flash-crash-of-pound-piles-pressure-on-already-weak-yuan-south-china-morning.md) | +1.0% | +1.6% |
| USDCNY | 2018-10-31 | [Why the Chinese yuan is falling](https://feedsoft.ai/events/62761-why-the-chinese-yuan-is-falling.md) | -0.7% | -0.4% |
| USDCNY | 2018-06-28 | [Chinese yuan hits fresh low against USD Wednesday](https://feedsoft.ai/events/64734-chinese-yuan-hits-fresh-low-against-usd-wednesday.md) | +0.5% | +2.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/cash-is-leaving-china-again-pressuring-yuan-2024-06-21/

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