# Yuan up on tight liquidity, set for worst month since August 2019 - Markets - Business Recorder

> The yuan edged up against the dollar on June 30 as tight onshore and offshore cash conditions lifted short-term borrowing costs. A rebound in the dollar still put the yuan on course for its worst monthly performance since August 2019. Some state-run banks in Beijing were temporarily closed ahead of the Communist Party's 100th anniversary.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/46812-yuan-up-on-tight-liquidity-set-for-worst-month-since-august-2019-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan modestly raises the cost of dollar-priced imports for China, a major feed buyer, but the move is small and does not directly shift grain or meal prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-03-31 | [Yuan off lows on upbeat PMI data, but set for worst month since Aug 2019 - Markets - Business Recorder](https://feedsoft.ai/events/48331-yuan-off-lows-on-upbeat-pmi-data-but-set-for-worst-month-since-aug-2019-markets.md) | -0.5% | -1.3% |
| 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 | 2025-11-28 | [China’s yuan set for longest monthly win streak since 2021 - Markets - Business Recorder](https://feedsoft.ai/events/22171-china-s-yuan-set-for-longest-monthly-win-streak-since-2021-markets-business.md) | -0.1% | -1.0% |
| USDCNY | 2026-03-31 | [Chinese yuan heads for first monthly loss since July - Markets - Business Recorder](https://feedsoft.ai/events/20385-chinese-yuan-heads-for-first-monthly-loss-since-july-markets-business-recorder.md) | -0.5% | -1.3% |
| 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40103969

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