# China’s yuan hovers near 1-month low as investors await economic data - Markets - Business Recorder

> The yuan hovered near a one-month low against the dollar as investors awaited US and Chinese economic data. The yuan is down 2% this year and set for a fifth monthly drop in May, with the PBOC midpoint set at 7.1091.

- Date: 2024-05-27 · published 2024-05-27T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/30492-china-s-yuan-hovers-near-1-month-low-as-investors-await-economic-data-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Persistent yuan weakness raises the cost of dollar-priced imports for Chinese feed buyers, a mild negative for demand for US grains and meal.

## Read by commodity

- USDCNY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40305452

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