# As yuan skids, markets bet more depreciation is in store | Reuters

> China's yuan is sliding, and market participants suspect authorities are deliberately engineering a slow, light depreciation. The aim is to complement easy monetary policy and support exports.

- Date: 2024-03-27 · published 2024-03-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/31440-as-yuan-skids-markets-bet-more-depreciation-is-in-store-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A managed weakening of the yuan makes Chinese buyers of US feed ingredients more price sensitive, though a gradual move limits the disruption. The effect on grain prices is modest and mostly indirect.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2018-07-30 | [China's yuan hits 13-month low on weaker fixing and depreciation bets](https://feedsoft.ai/events/64266-china-s-yuan-hits-13-month-low-on-weaker-fixing-and-depreciation-bets.md) | +0.3% | -0.1% |
| USDCNY | 2024-05-01 | [Yuan falls out of favour with China’s exporters as fears of depreciation mount](https://feedsoft.ai/events/30957-yuan-falls-out-of-favour-with-china-s-exporters-as-fears-of-depreciation-mount.md) | -0.3% | +0.1% |
| USDCNY | 2025-01-17 | [Markets are betting China will let yuan fall as Trump takes power, but not much \| Reuters](https://feedsoft.ai/events/26716-markets-are-betting-china-will-let-yuan-fall-as-trump-takes-power-but-not-much.md) | -1.2% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yuan-skids-markets-bet-more-depreciation-is-store-2024-03-27/

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