# Yuan nears 1-week low, eyes on China's Politburo, U.S. Fed | Reuters

> China's yuan touched a near one-week low against the dollar on Monday, with onshore spot trading around 6.48 per dollar after the PBOC set a weaker midpoint. Investors were awaiting the Politburo meeting outcome and the U.S. Federal Reserve's policy decision, including clues on the timing of tapering.

- Date: 2021-07-26 · published 2021-07-26T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/46284-yuan-nears-1-week-low-eyes-on-china-s-politburo-u-s-fed-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese buying of dollar-priced feed imports more expensive, which can temper demand at the margin. The effect on grain prices is modest unless the currency move persists.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-01-06 | [China's yuan eases on hawkish Fed, warning of depreciation pressure \| Reuters](https://feedsoft.ai/events/43356-china-s-yuan-eases-on-hawkish-fed-warning-of-depreciation-pressure-reuters.md) | -0.1% | -0.0% |
| USDCNY | 2026-03-06 | [China’s yuan set to end longest weekly rally since 2012 on Middle East turmoil \| Reuters](https://feedsoft.ai/events/11676-china-s-yuan-set-to-end-longest-weekly-rally-since-2012-on-middle-east-turmoil.md) | -0.3% | -0.1% |
| USDCNY | 2025-04-08 | [China's yuan hits 2023 lows on signs PBOC is tolerant of some weakness \| Reuters](https://feedsoft.ai/events/25349-china-s-yuan-hits-2023-lows-on-signs-pboc-is-tolerant-of-some-weakness-reuters.md) | +0.1% | -0.5% |
| USDCNY | 2024-10-14 | [US dollar climbs to 10-week peak; euro, China's yuan fall](https://feedsoft.ai/events/11042-us-dollar-climbs-to-10-week-peak-euro-china-s-yuan-fall.md) | +0.7% | +2.3% |
| USDCNY | 2022-11-10 | [China’s yuan touches near one-week low on worsening COVID outbreaks - Markets - Business Recorder](https://feedsoft.ai/events/8203-china-s-yuan-touches-near-one-week-low-on-worsening-covid-outbreaks-markets.md) | -1.2% | -3.9% |

## Sources

- reuters.com: https://www.reuters.com/article/business/yuan-nears-1-week-low-eyes-on-chinas-politburo-us-fed-idUSL1N2P206L/

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