# China's renminbi will likely remain weak for the rest of 2022 | Oxford Economics

> Oxford Economics forecasts the renminbi will weaken toward CNY7 per dollar in the second half of 2022 from 6.65-6.79 in May, before rebounding in 2023. It cites zero-Covid policy uncertainty, monetary policy divergence with the US, and possible tariff easing as factors.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/41170-china-s-renminbi-will-likely-remain-weak-for-the-rest-of-2022-oxford-economics
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan would raise China's cost of dollar-priced grain and oilseed imports, potentially dampening Chinese buying interest, while forecasts of weakness reflect tepid Chinese demand.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-04-29 | [Renminbi on course for steepest monthly fall as China’s economy slows](https://feedsoft.ai/events/42067-renminbi-on-course-for-steepest-monthly-fall-as-china-s-economy-slows.md) | +0.4% | +1.7% |
| USDCNY | 2021-09-24 | [The curious case of the super-stable renminbi \| Capital Economics](https://feedsoft.ai/events/45277-the-curious-case-of-the-super-stable-renminbi-capital-economics.md) | -0.2% | -1.2% |
| USDCNY | 2019-09-10 | [China economy: Yuan (Renminbi) could hit 7.3 by end of 2019, CLSA says](https://feedsoft.ai/events/57294-china-economy-yuan-renminbi-could-hit-7-3-by-end-of-2019-clsa-says.md) | -0.8% | +0.4% |
| USDCNY | 2024-02-27 | [Yuan will likely remain weak as China continues to muddle through its structural challenges – Commerzbank — Octa](https://feedsoft.ai/events/31897-yuan-will-likely-remain-weak-as-china-continues-to-muddle-through-its.md) | +0.0% | +0.2% |
| USDCNY | 2022-03-23 | [China's renminbi at crossroads as Covid-19 resurgence threatens economic growth \| The Straits Times](https://feedsoft.ai/events/42483-china-s-renminbi-at-crossroads-as-covid-19-resurgence-threatens-economic-growth.md) | -0.0% | +0.4% |

## Sources

- oxfordeconomics.com: https://www.oxfordeconomics.com/resource/chinas-renminbi-will-likely-remain-weak-for-the-rest-of-2022/

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