# Yuan Slips to One-Year Lows, Extending Losses - Asia Financial News

> The yuan slipped to a one-year low against the dollar as strict Covid lockdowns were reported in parts of Beijing, Shanghai and other cities. The currency had suffered its worst week in seven years, and the PBOC set its midpoint at 6.4909.

- Date: 2022-04-25 · published 2022-04-25T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/4952-yuan-slips-to-one-year-lows-extending-losses-asia-financial-news
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Lockdowns raise the risk of supply chain disruption and weaker Chinese demand for feed inputs. A falling yuan makes dollar-priced imports more expensive for Chinese buyers.

## Read by commodity

- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2022-04-25 | 5 | +3.1% | 8.1 | Yuan hit one-year lows amid Beijing and Shanghai lockdowns and its worst week in seven years, reflecting sentiment-driven depreciation within the window. |
| USDCNY | 2022-04-25 | 1 | +0.9% | 4.3 | On 2022-04-25 the yuan hit one-year lows on reported Covid lockdowns in Beijing and Shanghai, directly pushing USD/CNY higher. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | +1.8% | -0.2% |
| USDCNY | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | +2.2% | +5.2% |
| USDCNY | 2022-09-28 | [China's yuan slides to 14-year low after US rate hikes \| AP News](https://feedsoft.ai/events/8604-china-s-yuan-slides-to-14-year-low-after-us-rate-hikes-ap-news.md) | -0.9% | -0.1% |
| USDCNY | 2020-02-20 | [Yuan falls to over 2-month low as China cuts lending benchmark \| Financial Post](https://feedsoft.ai/events/54795-yuan-falls-to-over-2-month-low-as-china-cuts-lending-benchmark-financial-post.md) | +0.3% | +0.7% |
| USDCNY | 2017-01-16 | [Yuan Top Forecaster Sees No End to Losses as China Economy Slows - Bloomberg](https://feedsoft.ai/events/11878-yuan-top-forecaster-sees-no-end-to-losses-as-china-economy-slows-bloomberg.md) | -0.6% | -0.5% |

## Sources

- asiafinancial.com: https://www.asiafinancial.com/chinese-yuan-slips-to-one-year-lows-extending-losses

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