# Yuan slips on signs of China slowdown, set for 3rd month of decline - Markets - Business Recorder

> China's yuan slipped against the dollar on August 31 and was set for a third straight monthly decline. August official PMI data showed factory activity expanding more slowly, while the services sector contracted. Traders are watching the pace of Federal Reserve tapering and upcoming US jobs data.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45781-yuan-slips-on-signs-of-china-slowdown-set-for-3rd-month-of-decline-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weaker Chinese growth signals softer import demand, and a weaker yuan raises the cost of dollar-priced imports for China. Expected policy easing could support Chinese domestic feed demand, but the currency move adds uncertainty to feed import costs.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-04-28 | [China’s yuan rebounds, but looks set for a losing month - Markets - Business Recorder](https://feedsoft.ai/events/36604-china-s-yuan-rebounds-but-looks-set-for-a-losing-month-markets-business-recorder.md) | -0.2% | +2.2% |
| USDCNY | 2021-03-24 | [China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder](https://feedsoft.ai/events/48336-china-s-yuan-slips-on-dollar-strength-sino-west-tensions-markets-business.md) | +0.9% | -0.3% |
| USDCNY | 2022-09-23 | [China’s yuan ends near 28-month low, set for worst week since April - Markets - Business Recorder](https://feedsoft.ai/events/8606-china-s-yuan-ends-near-28-month-low-set-for-worst-week-since-april-markets.md) | +0.6% | +2.3% |
| USDCNY | 2025-05-14 | [China’s yuan falls from six-month peak on rising dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/24887-china-s-yuan-falls-from-six-month-peak-on-rising-dollar-demand-markets-business.md) | +0.2% | -0.2% |
| USDCNY | 2023-12-11 | [China’s yuan weakens to 3-week low, hurt by deflation signs - Markets - Business Recorder](https://feedsoft.ai/events/6455-china-s-yuan-weakens-to-3-week-low-hurt-by-deflation-signs-markets-business.md) | -0.7% | +0.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40116965

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