# Slumping yuan a new strain for Chinese consumers and airlines - Nikkei Asia

> Chinese coffee shops and airlines are facing higher costs as the yuan slumps against the dollar, since China imports many of its inputs. Exporters, however, are expected to benefit from the weaker currency.

- Date: 2022-05-26 · published 2022-05-26T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/41604-slumping-yuan-a-new-strain-for-chinese-consumers-and-airlines-nikkei-asia
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The weaker yuan makes imports more expensive for Chinese consumers and businesses, which can trim demand for imported commodities, though the effect on feed prices is indirect.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-05-29 | [Chinese yuan falls to six-month low on dollar strength - Nikkei Asia](https://feedsoft.ai/events/30488-chinese-yuan-falls-to-six-month-low-on-dollar-strength-nikkei-asia.md) | -0.1% | +0.3% |
| USDCNY | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | +1.8% | -0.2% |
| USDCNY | 2017-03-02 | [China struggles to plug its capital drain - Nikkei Asia](https://feedsoft.ai/events/72227-china-struggles-to-plug-its-capital-drain-nikkei-asia.md) | +0.5% | +0.1% |
| USDCNY | 2024-06-23 | [Weakening yuan could be what China needs, but not what it wants - Nikkei Asia](https://feedsoft.ai/events/30007-weakening-yuan-could-be-what-china-needs-but-not-what-it-wants-nikkei-asia.md) | +0.1% | +0.2% |
| USDCNY | 2018-10-30 | [Yuan's slide to decade low puts China in tricky position - Nikkei Asia](https://feedsoft.ai/events/62765-yuan-s-slide-to-decade-low-puts-china-in-tricky-position-nikkei-asia.md) | -0.5% | -0.1% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/slumping-yuan-a-new-strain-for-chinese-consumers-and-airlines

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