# USD/CNH prepares for six-week losing streak with eyes on China PMIs - Forex Crunch

> USD/CNH traded near 6.9915 and was on track for a sixth straight weekly decline. Support came from a PBOC move to the Loan Prime Rate benchmark and a higher official USD/CNY fix, while investors awaited China's December PMI data.

- Date: 2019-12-30 · published 2019-12-30T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/55805-usd-cnh-prepares-for-six-week-losing-streak-with-eyes-on-china-pmis-forex-crunch
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan makes dollar-priced grain and meal imports cheaper for Chinese buyers, which can support US export demand. Trade-deal headlines remain the main swing factor.

## Read by commodity

- USDCNY: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/12/30/usd-cnh-prepares-for-six-week-losing-streak-with-eyes-on-china-pmis/

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