# China’s currency set for worst month since US trade war

> The renminbi was set for its worst monthly performance against the dollar since August 2019, falling about 1.4% in March to near Rmb6.57. Investors worry that Beijing may withdraw stimulus and tighten borrowing after the country's economic rebound.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/48332-china-s-currency-set-for-worst-month-since-us-trade-war
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan and possible tighter credit could slow Chinese import demand for feed grains and meal, pressuring prices.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-05-13 | [China’s currency just had its worst month ever. It’s still dropping](https://feedsoft.ai/events/9855-china-s-currency-just-had-its-worst-month-ever-it-s-still-dropping.md) | -1.1% | -1.1% |
| 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 | 2024-05-09 | [Why China's tolerance for a cheaper currency may be temporary](https://feedsoft.ai/events/30489-why-china-s-tolerance-for-a-cheaper-currency-may-be-temporary.md) | +0.0% | +0.4% |
| USDCNY | 2019-06-11 | [Why ‘cracking seven’ is a big deal for China’s currency](https://feedsoft.ai/events/58820-why-cracking-seven-is-a-big-deal-for-china-s-currency.md) | -0.1% | -0.6% |
| USDCNY | 2016-11-30 | [Robust dollar, tumbling yuan underline need for US-China currency deal \| South China Morning Post](https://feedsoft.ai/events/74061-robust-dollar-tumbling-yuan-underline-need-for-us-china-currency-deal-south.md) | -0.2% | +0.9% |

## Sources

- ft.com: https://www.ft.com/content/8fee5f44-0259-4fec-bb40-5dea8cc5064d?syn-25a6b1a6=1

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