# Experts: Yuan set to remain largely stable - Chinadaily.com.cn

> Chinese financial analysts said short-term yuan pressure does not signal further major depreciation, given the pace of China's economic recovery. The offshore and onshore yuan had weakened to around 7.10 per dollar, the first time below 7.1 since November 30. Dividend-related dollar demand and US debt ceiling risk were cited as factors.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/36176-experts-yuan-set-to-remain-largely-stable-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency moves of this size have little direct effect on feed grain prices. The outlook for stability suggests no sharp change in China's import costs from currency alone.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-10-07 | [Renminbi on track for stability against USD - Chinadaily.com.cn](https://feedsoft.ai/events/11043-renminbi-on-track-for-stability-against-usd-chinadaily-com-cn.md) | +0.7% | +1.2% |
| USDCNY | 2024-03-27 | [Briefly - Chinadaily.com.cn](https://feedsoft.ai/events/31445-briefly-chinadaily-com-cn.md) | +0.2% | +0.4% |
| USDCNY | 2019-06-17 | [Chinese yuan to remain stable despite temporary fluctuations_Xinhua Finance Agency](https://feedsoft.ai/events/9811-chinese-yuan-to-remain-stable-despite-temporary-fluctuations-xinhua-finance.md) | -0.8% | -0.7% |
| USDCNY | 2017-04-20 | [Chinese yuan likely to remain relatively steady in Q2, says Scotiabank \| EconoTimes](https://feedsoft.ai/events/71715-chinese-yuan-likely-to-remain-relatively-steady-in-q2-says-scotiabank-econotimes.md) | +0.1% | -0.1% |
| USDCNY | 2026-07-31 | [PBOC Seeks to Temper Yuan Rally With Stable Daily Fix \| Financial Post](https://feedsoft.ai/events/18571-pboc-seeks-to-temper-yuan-rally-with-stable-daily-fix-financial-post.md) | -0.1% | -0.5% |

## Sources

- chinadaily.com.cn: http://www.chinadaily.com.cn/a/202306/01/WS6477cdf9a3107584c3ac338d.html

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