# Global investment banks see yuan recovery in second half of 2024

> Global investment banks expect the yuan to recover in the second half of 2024. The currency had weakened as much as 6.14% against the dollar this year before recovering much of those losses.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/32922-global-investment-banks-see-yuan-recovery-in-second-half-of-2024
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of a stronger yuan would lower China's dollar cost of imported feed grains and meal, supporting Chinese import demand over the coming year.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-11-11 | [Global investment houses forecast Chinese yuan rising past key 7 mark in 2026 \| Reuters](https://feedsoft.ai/events/22174-global-investment-houses-forecast-chinese-yuan-rising-past-key-7-mark-in-2026.md) | -0.2% | -0.8% |
| USDCNY | 2026-09-28 | [Commentary: The Yuan Has Broken Free of the Fed - Caixin Global](https://feedsoft.ai/events/17683-commentary-the-yuan-has-broken-free-of-the-fed-caixin-global.md) | -0.1% | -0.6% |
| USDCNY | 2020-09-29 | [China is attracting global investors' attention, boosting the yuan](https://feedsoft.ai/events/51322-china-is-attracting-global-investors-attention-boosting-the-yuan.md) | -0.3% | -1.6% |
| USDCNY | 2024-01-01 | [Yuan Seen Rising Versus Dollar in 2024 as Capital Outflows Ease](https://feedsoft.ai/events/32923-yuan-seen-rising-versus-dollar-in-2024-as-capital-outflows-ease.md) | +0.8% | +1.1% |
| USDCNY | 2025-10-30 | [Commentary: The Yuan Forges Its Own Path - Caixin Global](https://feedsoft.ai/events/22629-commentary-the-yuan-forges-its-own-path-caixin-global.md) | +0.4% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/global-investment-banks-see-yuan-recovery-second-half-2024-2023-12-07/

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