# China’s yuan set to weaken for a third week against rebounding dollar - Markets - Business Recorder

> The yuan was flat on January 19 but was on track for a third consecutive weekly loss against the dollar. Weak Chinese economic data, pared US rate-cut bets, and Red Sea risks supported the greenback.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/32358-china-s-yuan-set-to-weaken-for-a-third-week-against-rebounding-dollar-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weakening yuan alongside a stronger dollar raises the dollar cost of Chinese imports and reflects softer Chinese economic momentum, a mild negative for feed demand.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-01-11 | [China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/49365-china-s-yuan-eases-to-1-week-low-to-reflect-dollar-rebound-markets-business.md) | +0.1% | -0.6% |
| USDCNY | 2023-04-28 | [China’s yuan rebounds, but looks set for a losing month - Markets - Business Recorder](https://feedsoft.ai/events/36604-china-s-yuan-rebounds-but-looks-set-for-a-losing-month-markets-business-recorder.md) | -0.2% | +2.2% |
| USDCNY | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | +0.6% | +0.3% |
| USDCNY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +0.1% | +0.2% |
| USDCNY | 2023-12-11 | [China’s yuan weakens to 3-week low, hurt by deflation signs - Markets - Business Recorder](https://feedsoft.ai/events/6455-china-s-yuan-weakens-to-3-week-low-hurt-by-deflation-signs-markets-business.md) | -0.7% | +0.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40284634

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