# China’s yuan eases slightly as economic woes remain - Markets - Business Recorder

> China's yuan weakened slightly against the US dollar on Thursday after surging in the previous session alongside the Japanese yen. The currency was up 0.3% on the week but 1.8% weaker for the year, as a weak property sector, anaemic consumption and falling yields drove capital outflows. A private survey showed manufacturing shrank in July for the first time in nine months.

- Date: 2024-08-01 · published 2024-08-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/4685-china-s-yuan-eases-slightly-as-economic-woes-remain-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan weakness and weak Chinese manufacturing point to softer Chinese demand for imported feed ingredients, a modest bearish factor for feed prices. The moves are routine and carry limited direct price impact.

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2024-07-31 | 1 | -0.4% | -3.7 | Reports the yuan surged on the prior session alongside the yen, which is the 31 July move itself (dollar weakness/yen rally), though published a day later. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40315414

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