# USD/CNY to recapture the 6.50 level as yuan changes its appreciation trend – ING — Octa

> ING expects the yuan to shift from appreciation to mild depreciation until mid-2022 because of Delta-variant pressure and possible PBOC easing. It said the RRR cut and tighter Fed policy create conflicting pressures on markets. The analysis projects USD/CNY recapturing the 6.50 level.

- Date: 2021-08-10 · published 2021-08-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45787-usd-cny-to-recapture-the-6-50-level-as-yuan-changes-its-appreciation-trend-ing
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan raises the cost of dollar-priced feed imports for China and can slow buying. Expected easing could support domestic demand but adds volatility to import costs.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-05-30 | [Why we’re forecasting the yuan to depreciate \| articles \| ING THINK](https://feedsoft.ai/events/65232-why-we-re-forecasting-the-yuan-to-depreciate-articles-ing-think.md) | -0.2% | +2.5% |
| USDCNY | 2016-11-29 | [FxWirePro: What else is appending impetus to USD/CNY appreciation than PBoC mechanism? Is it rate differentials and/or Trump factor? \| EconoTimes](https://feedsoft.ai/events/74065-fxwirepro-what-else-is-appending-impetus-to-usd-cny-appreciation-than-pboc.md) | -0.4% | +0.6% |
| USDCNY | 2020-11-27 | [Yuan keeps on appreciating against both the dollar and the euro](https://feedsoft.ai/events/50362-yuan-keeps-on-appreciating-against-both-the-dollar-and-the-euro.md) | -0.7% | -0.7% |
| USDCNY | 2026-06-29 | [PBoC sets USD/CNY fix above forecasts, hinting at managed yuan depreciation as growth concerns linger - VT Markets](https://feedsoft.ai/events/19038-pboc-sets-usd-cny-fix-above-forecasts-hinting-at-managed-yuan-depreciation-as.md) | -0.0% | -0.5% |
| 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% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/917504/

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