# Chinese Yuan Slides As Finance Investors Rush To Safe Haven Dollar

> The yuan slid against the dollar as investors sought safe haven dollars during the coronavirus crisis, with the PBOC setting its weakest midpoint fix since December 11, 2019 at 7.0328. The yuan had eased 0.6 percent, less than several regional currencies.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/54323-chinese-yuan-slides-as-finance-investors-rush-to-safe-haven-dollar
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan raises the cost of US agricultural imports for China, which can temper buying, but the move is modest and largely reflects dollar strength from risk aversion.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-03-27 | [China's yuan falls to near 3-week low as safe-haven demand lifts dollar \| The Star](https://feedsoft.ai/events/20386-china-s-yuan-falls-to-near-3-week-low-as-safe-haven-demand-lifts-dollar-the-star.md) | -0.4% | -1.2% |
| 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 | 2020-09-24 | [SA Rand Follows Chinese Yuan, Euro Lower as U.S. Dollar Rebound Continues \| Investing.com ZA](https://feedsoft.ai/events/51396-sa-rand-follows-chinese-yuan-euro-lower-as-u-s-dollar-rebound-continues.md) | -0.3% | -1.9% |
| USDCNY | 2021-07-28 | [Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall](https://feedsoft.ai/events/46285-asian-currencies-chinese-yuan-hong-kong-dollar-weaken-as-china-stocks-fall.md) | -0.6% | -0.6% |
| USDCNY | 2016-11-14 | [Chinese yuan tumbles to a seven-year low as dollar surges \| South China Morning Post](https://feedsoft.ai/events/7742-chinese-yuan-tumbles-to-a-seven-year-low-as-dollar-surges-south-china-morning.md) | +1.3% | +1.6% |

## Sources

- devel.btimesonline.com: https://devel.btimesonline.com/articles/128735/20200319/china-yuan-chinese-currency-us-dollar-greenback-financial-market-coronavirus.htm

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