# Pricey currency exchange | Merics

> A Merics commentary says Beijing has allowed the yuan to depreciate more than 7% since the trade war began, cushioning exporters. It notes the yuan now trades near 7 per dollar, down from about 6.5 at the start of 2018.

- Date: 2019-11-22 · published 2019-11-22T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/56296-pricey-currency-exchange-merics
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Limited room for further yuan weakness could constrain Chinese support for exports and make import purchases costlier. This may trim China's appetite for dollar-priced feed inputs over time.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-09-13 | [Vietnams Strong Foreign Currency Supply Helps Stabilise USD/VND Exchange Rate - InFocus Vietnam](https://feedsoft.ai/events/57359-vietnams-strong-foreign-currency-supply-helps-stabilise-usd-vnd-exchange-rate.md) | +0.2% | +0.5% |
| USDCNY | 2023-03-27 | [Egypt's poultry sector reels from currency turmoil, driving up prices](https://feedsoft.ai/events/37020-egypt-s-poultry-sector-reels-from-currency-turmoil-driving-up-prices.md) | +0.0% | +0.4% |
| USDCNY | 2017-10-04 | [China’s currency balancing act \| ANZ](https://feedsoft.ai/events/68680-china-s-currency-balancing-act-anz.md) | -1.0% | -0.8% |
| USDCNY | 2019-11-01 | [No major changes in the yuan’s exchange rate since August](https://feedsoft.ai/events/56297-no-major-changes-in-the-yuan-s-exchange-rate-since-august.md) | -0.9% | +0.0% |
| USDCNY | 2018-04-17 | [China currency moves hang in the balance in U.S. trade spat \| Reuters](https://feedsoft.ai/events/65710-china-currency-moves-hang-in-the-balance-in-u-s-trade-spat-reuters.md) | +0.6% | +1.0% |

## Sources

- merics.org: https://merics.org/en/comment/pricey-currency-exchange

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