# China sets yuan mid-point at fresh 11-yr low, but remains firmer than expectations | Reuters

> China's central bank lowered its official yuan midpoint for a ninth straight day to 7.0326 per dollar, the weakest since March 2008. The fix was still firmer than Reuters' estimate by about 0.14%.

- Date: 2019-08-13 · published 2019-08-13T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/57791-china-sets-yuan-mid-point-at-fresh-11-yr-low-but-remains-firmer-than
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese exports cheaper and can weigh on dollar-denominated commodity demand from China, while the currency signal underscores strain in the trade war that is pressuring US farm export sales.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-08-27 | [China sets yuan fix stronger than expected, revives 'X' factor By Reuters](https://feedsoft.ai/events/63742-china-sets-yuan-fix-stronger-than-expected-revives-x-factor-by-reuters.md) | +0.4% | +0.8% |
| USDCNY | 2024-03-28 | [China sets yuan at much stronger fixing than markets expected](https://feedsoft.ai/events/31439-china-sets-yuan-at-much-stronger-fixing-than-markets-expected.md) | +0.1% | +0.3% |
| USDCNY | 2019-11-06 | [China sets yuan midpoint at three-month high \| Financial Post](https://feedsoft.ai/events/56292-china-sets-yuan-midpoint-at-three-month-high-financial-post.md) | +0.2% | +0.5% |
| USDCNY | 2024-02-06 | [China’s yuan rises on firmer-than-expected fix, stock market support - Markets - Business Recorder](https://feedsoft.ai/events/31899-china-s-yuan-rises-on-firmer-than-expected-fix-stock-market-support-markets.md) | -0.1% | -0.0% |
| USDCNY | 2025-06-30 | [China Adjusts Yuan Midpoint Amid Currency Pressures - Reuters \| HROne](https://feedsoft.ai/events/24429-china-adjusts-yuan-midpoint-amid-currency-pressures-reuters-hrone.md) | +0.0% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/china-sets-yuan-mid-point-at-fresh-11-yr-low-but-remains-firmer-than-expectatio-idUSAZN0FH100/

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