# China's yuan eases on hawkish Fed, warning of depreciation pressure | Reuters

> China's yuan weakened against the dollar on January 6, 2022, pressured by capital outflow worries after the Federal Reserve signaled faster monetary tightening than markets expected. The onshore yuan traded around 6.374 per dollar at midday, about 95 pips weaker than the prior close.

- Date: 2022-01-06 · published 2022-01-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/43356-china-s-yuan-eases-on-hawkish-fed-warning-of-depreciation-pressure-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese buyers pay more in dollars for imported feed grains and meal, which can dampen import demand and pressure US and Brazilian export prices at the margin.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-01-05 | [PBOC-backed newspaper warns of yuan depreciation pressure in 2022 \| Reuters](https://feedsoft.ai/events/43357-pboc-backed-newspaper-warns-of-yuan-depreciation-pressure-in-2022-reuters.md) | +0.0% | -0.2% |
| USDCNY | 2024-05-01 | [Yuan falls out of favour with China’s exporters as fears of depreciation mount](https://feedsoft.ai/events/30957-yuan-falls-out-of-favour-with-china-s-exporters-as-fears-of-depreciation-mount.md) | -0.3% | +0.1% |
| USDCNY | 2017-02-26 | [China's yuan falls, but fears of US trade war may cap depreciation - The Business Times](https://feedsoft.ai/events/72719-china-s-yuan-falls-but-fears-of-us-trade-war-may-cap-depreciation-the-business.md) | +0.5% | +0.2% |
| USDCNY | 2023-03-20 | [China's yuan eases after reserve ratio cut; Fed decision in focus \| Financial Post](https://feedsoft.ai/events/37090-china-s-yuan-eases-after-reserve-ratio-cut-fed-decision-in-focus-financial-post.md) | -0.3% | -0.3% |
| USDCNY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | +0.5% | +3.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/chinas-yuan-eases-hawkish-fed-warning-depreciation-pressure-2022-01-06/

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