# USD/CNY: Yuan could see a modest appreciation in the coming quarters – Commerzbank — Octa

> Commerzbank economists said USD/CNY rose for a fifth straight week, from 6.70 in mid-January to 6.96, and expect the pair to move lower in coming quarters. They cited US-China tensions as a source of near-term volatility and a possible weaker dollar as support for the yuan.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/37553-usd-cny-yuan-could-see-a-modest-appreciation-in-the-coming-quarters-commerzbank
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A forecast of yuan appreciation would ease the cost of dollar-priced imports for Chinese feed buyers, though a narrowing trade surplus could limit the move.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-04-29 | [USD/CNY: Sharp appreciation or depreciation unlikely in 2019? - ING - Forex Crunch](https://feedsoft.ai/events/59805-usd-cny-sharp-appreciation-or-depreciation-unlikely-in-2019-ing-forex-crunch.md) | +0.1% | +2.5% |
| USDCNY | 2024-08-23 | [CNY at a glance: Is the worst of China’s depreciation pressure over? \| ING THINK](https://feedsoft.ai/events/29028-cny-at-a-glance-is-the-worst-of-china-s-depreciation-pressure-over-ing-think.md) | -0.7% | -1.3% |
| USDCNY | 2019-03-25 | [China: How opening up the financial sector could affect the yuan \| articles \| ING THINK](https://feedsoft.ai/events/60331-china-how-opening-up-the-financial-sector-could-affect-the-yuan-articles-ing.md) | -0.1% | -0.2% |
| USDCNY | 2017-10-09 | [CNY: Stabilisation versus USD, weaker versus EUR - Danske Bank — Octa](https://feedsoft.ai/events/6414-cny-stabilisation-versus-usd-weaker-versus-eur-danske-bank-octa.md) | -1.0% | -0.3% |
| USDCNY | 2025-01-20 | [CNY at a glance: A surprise post-US election outperformer \| ING THINK](https://feedsoft.ai/events/9597-cny-at-a-glance-a-surprise-post-us-election-outperformer-ing-think.md) | -1.0% | -0.6% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1026769/

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