# The curious case of the super-stable renminbi | Capital Economics

> Capital Economics expects the renminbi's recent period of calm to end and the currency to depreciate against the US dollar over the next few months. The note was sent to clients of its China service.

- Date: 2021-09-24 · published 2021-09-24T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45277-the-curious-case-of-the-super-stable-renminbi-capital-economics
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan would raise China's local-currency cost of dollar-priced feed imports, potentially dampening purchases of soybeans and meal and pressuring global prices.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-06-10 | [China's renminbi will likely remain weak for the rest of 2022 \| Oxford Economics](https://feedsoft.ai/events/41170-china-s-renminbi-will-likely-remain-weak-for-the-rest-of-2022-oxford-economics.md) | +0.2% | +0.4% |
| 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 | 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% |
| 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 | 2022-12-05 | [Renminbi movements: it's more than the trade and current account - OMFIF](https://feedsoft.ai/events/6575-renminbi-movements-it-s-more-than-the-trade-and-current-account-omfif.md) | -0.9% | -1.5% |

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/fx-markets/fx-markets-update/the-curious-case-of-the-super-stable-renminbi

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