# China's yuan hits 5-week low, South Korea export data darkens outlook

> China's yuan fell to a five-week low in early Monday trading as weak South Korean export data pointed to deteriorating Asian export orders. The spot rate traded near 6.83 per dollar while the PBOC set its midpoint weaker at 6.8151.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/37550-china-s-yuan-hits-5-week-low-south-korea-export-data-darkens-outlook
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Softer Asian export demand and a weaker yuan could reduce Chinese import appetite and pressure the value of commodities priced in dollars.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-06-14 | [Diverging rates outlook has China's yuan eying 2022 lows](https://feedsoft.ai/events/35712-diverging-rates-outlook-has-china-s-yuan-eying-2022-lows.md) | +0.3% | -0.1% |
| 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% |
| 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 | 2024-06-27 | [China's Yuan Hits Seven-Month Low As Dollar Outflows Persist - Finimize](https://feedsoft.ai/events/30009-china-s-yuan-hits-seven-month-low-as-dollar-outflows-persist-finimize.md) | +0.0% | -0.5% |
| 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% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/02/13/chinas-yuan-hits-5-week-low-south-korea-export-data-darkens-outlook.html

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