# Yuan off lows on upbeat PMI data, but set for worst month since Aug 2019 - Markets - Business Recorder

> China's yuan rebounded from a four-month low against the dollar on Wednesday after a strong official manufacturing survey, but was still on track for its biggest monthly fall since August 2019. The PBOC kept rolling over maturing reverse repos, leaving zero net cash injection for 23 straight sessions.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/48331-yuan-off-lows-on-upbeat-pmi-data-but-set-for-worst-month-since-aug-2019-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese buyers of dollar-priced commodities less willing to pay up, a mild bearish signal for feed import demand and prices.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| 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 | 2021-08-31 | [Yuan slips on signs of China slowdown, set for 3rd month of decline - Markets - Business Recorder](https://feedsoft.ai/events/45781-yuan-slips-on-signs-of-china-slowdown-set-for-3rd-month-of-decline-markets.md) | +0.0% | -0.1% |
| USDCNY | 2025-09-26 | [China’s yuan touches 3-week low, looks set for biggest weekly drop since July - Markets - Business Recorder](https://feedsoft.ai/events/23111-china-s-yuan-touches-3-week-low-looks-set-for-biggest-weekly-drop-since-july.md) | -0.2% | -0.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40079662

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