# China's Yuan Dips Against The Dollar With Economic Struggles - Finimize

> China's yuan dipped against the dollar, opening at 7.2149 per dollar and trading 25 pips lower than the prior close. The currency remained up 0.3% on the week but was 1.8% weaker year to date. Private and official PMI surveys both showed manufacturing weakening in July.

- Date: 2024-08-01 · published 2024-08-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/4686-china-s-yuan-dips-against-the-dollar-with-economic-struggles-finimize
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Persistent economic weakness in China dampens expectations for its feed and meat demand, a mild bearish signal for feed markets. The day's move is routine commentary without a new supply or demand shock.

## Sources

- finimize.com: https://finimize.com/content/chinas-yuan-dips-against-the-dollar-with-economic-struggles

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