◂ Event Timeline

Mar 26, 2021MACROChina

China yuan firms but poised for 6th week of losses on dollar strength, China-West tensions

The yuan edged up on March 26 but was on course for a sixth straight weekly loss, as the dollar strengthened and China-West tensions persisted. The PBOC set its midpoint at 6.5376 per dollar.

WHY IT MATTERS

Yuan weakness against a firm dollar modestly reduces China's purchasing power for imported feed ingredients, a slight bearish pressure on import demand.

AFFECTSChinese Yuan (CNY per USD)▲

SOURCE
reuters.comMar 26, 2021

Price reaction & history

Chinese Yuan (CNY per USD)▲bullishSO FAR1d -0.1%5d +0.3%20d -0.8%

After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.

Oct 26, 2017China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times-0.5%
Mar 24, 2021China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder+0.9%
Jun 18, 2026China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder+0.6%
Jun 21, 2023China's yuan dips to 7-month low on lack of stimulus news, dollar strength | The Business Standard+0.5%
May 29, 2024Chinese yuan falls to six-month low on dollar strength - Nikkei Asia-0.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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