# China economy: Yuan (Renminbi) could hit 7.3 by end of 2019, CLSA says

> CLSA's chief economist forecasts the yuan will reach about 7.3 per dollar by end-2019, as it is allowed to weaken in response to US tariff escalations. The yuan traded near 7.11 at the time.

- Date: 2019-09-10 · published 2019-09-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/57294-china-economy-yuan-renminbi-could-hit-7-3-by-end-of-2019-clsa-says
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A forecast of a weaker yuan implies that Chinese importers face higher dollar costs but may buy less US product, a bearish signal for US feed grain and soybean export prices.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-04-29 | [Renminbi on course for steepest monthly fall as China’s economy slows](https://feedsoft.ai/events/42067-renminbi-on-course-for-steepest-monthly-fall-as-china-s-economy-slows.md) | +0.4% | +1.7% |
| USDCNY | 2022-06-10 | [China's renminbi will likely remain weak for the rest of 2022 \| Oxford Economics](https://feedsoft.ai/events/41170-china-s-renminbi-will-likely-remain-weak-for-the-rest-of-2022-oxford-economics.md) | +0.2% | +0.4% |
| USDCNY | 2016-06-27 | [How China’s yuan could be the currency whipping boy of Brexit - MarketWatch](https://feedsoft.ai/events/12455-how-china-s-yuan-could-be-the-currency-whipping-boy-of-brexit-marketwatch.md) | +0.6% | +1.0% |
| 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% |
| USDCNY | 2018-07-30 | [Renminbi/Chinese Yuan Depreciates as a Result of Economic Weakness and Loosening Policies - ActionForex](https://feedsoft.ai/events/64272-renminbi-chinese-yuan-depreciates-as-a-result-of-economic-weakness-and.md) | +0.3% | -0.1% |
| SOY | 2022-04-29 | [Renminbi on course for steepest monthly fall as China’s economy slows](https://feedsoft.ai/events/42067-renminbi-on-course-for-steepest-monthly-fall-as-china-s-economy-slows.md) | -1.6% | +1.2% |
| SOY | 2019-06-03 | [China: Revising yuan lower but 7.0 should hold \| articles \| ING THINK](https://feedsoft.ai/events/58821-china-revising-yuan-lower-but-7-0-should-hold-articles-ing-think.md) | -2.4% | +2.5% |
| SOY | 2018-09-03 | [Trade war could force heavier hand from China on yuan](https://feedsoft.ai/events/63264-trade-war-could-force-heavier-hand-from-china-on-yuan.md) | +0.1% | +3.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/09/10/china-economy-yuan-renminbi-could-hit-7point3-by-end-of-2019-clsa-says.html

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