# Yuan will likely remain weak as China continues to muddle through its structural challenges – Commerzbank — Octa

> Commerzbank economists expect the yuan to stay weak through the first half of 2024, holding USD/CNY near 7.2000. They cite structural problems in the economy, especially real estate, and say expected US Federal Reserve rate cuts would ease pressure later in the year.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/31897-yuan-will-likely-remain-weak-as-china-continues-to-muddle-through-its
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A persistently weak yuan makes Chinese imports more expensive in local currency and can slow purchases of US and Brazilian feed commodities. Any stimulus that fails to firm the economy would keep that drag in place.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-11-17 | [Chinese yuan jumps to strongest and will likely continue - CGTN](https://feedsoft.ai/events/50364-chinese-yuan-jumps-to-strongest-and-will-likely-continue-cgtn.md) | +0.0% | -0.8% |
| USDCNY | 2022-06-10 | [China's renminbi will likely remain weak for the rest of 2022 \| Oxford Economics](https://feedsoft.ai/events/41170-china-s-renminbi-will-likely-remain-weak-for-the-rest-of-2022-oxford-economics.md) | +0.2% | +0.4% |
| USDCNY | 2024-10-28 | [China's weakening yuan set to snap three straight months of gains in Oct](https://feedsoft.ai/events/28078-china-s-weakening-yuan-set-to-snap-three-straight-months-of-gains-in-oct.md) | +0.0% | +1.7% |
| USDCNY | 2021-08-10 | [USD/CNY to recapture the 6.50 level as yuan changes its appreciation trend – ING — Octa](https://feedsoft.ai/events/45787-usd-cny-to-recapture-the-6-50-level-as-yuan-changes-its-appreciation-trend-ing.md) | -0.2% | -0.3% |
| USDCNY | 2026-03-06 | [China’s yuan set to end longest weekly rally since 2012 on Middle East turmoil \| Reuters](https://feedsoft.ai/events/11676-china-s-yuan-set-to-end-longest-weekly-rally-since-2012-on-middle-east-turmoil.md) | -0.3% | -0.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1090112/

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