# Asian Currencies Decouple From Yuan in Two-Speed Recovery - Caixin Global

> Asian currencies are decoupling from the yuan as regional recoveries from the coronavirus diverge, with countries such as Indonesia and the Philippines still facing rising outbreaks. The 30-day correlation between the offshore yuan and six regional currencies has declined as the yuan reached its strongest level in more than a year.

- Date: 2020-09-24 · published 2020-09-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51321-asian-currencies-decouple-from-yuan-in-two-speed-recovery-caixin-global
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Divergence among Asian currencies makes regional import purchasing power harder to predict, which adds uncertainty to demand for feed ingredients from Southeast Asian buyers.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-06-27 | [Asian currencies firm on yuan recovery, stocks mixed - Markets - Business Recorder](https://feedsoft.ai/events/10492-asian-currencies-firm-on-yuan-recovery-stocks-mixed-markets-business-recorder.md) | +0.0% | -1.4% |
| USDCNY | 2019-01-31 | [Yuan Strengthens As Fed Holds Interest Rates Steady - Caixin Global](https://feedsoft.ai/events/61310-yuan-strengthens-as-fed-holds-interest-rates-steady-caixin-global.md) | +0.5% | -0.1% |
| USDCNY | 2022-05-31 | [In Depth: Behind the Yuan’s Tumble Against the Dollar - Caixin Global](https://feedsoft.ai/events/41602-in-depth-behind-the-yuan-s-tumble-against-the-dollar-caixin-global.md) | -0.7% | +0.1% |
| USDCNY | 2023-01-17 | [Indian rupee weakens on yuan-led slide on Asian currencies - Markets - Business Recorder](https://feedsoft.ai/events/38053-indian-rupee-weakens-on-yuan-led-slide-on-asian-currencies-markets-business.md) | +1.3% | +1.8% |
| USDCNY | 2025-10-30 | [Commentary: The Yuan Forges Its Own Path - Caixin Global](https://feedsoft.ai/events/22629-commentary-the-yuan-forges-its-own-path-caixin-global.md) | +0.4% | -0.3% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2020-09-24/asian-currencies-decouple-from-yuan-in-two-speed-recovery-101609065.html

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