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The yuan has lost more than 2.5% against the dollar since the China-U.S. trade dispute worsened with tariff increases early in May. It now sits less than 0.1 yuan from the 7-per-dollar level that authorities have previously signaled as a floor.
A weaker yuan risks capital outflows, which policymakers are concerned about.
A weaker yuan makes Chinese exports cheaper and can offset some tariff impact, but a break below 7 could spur capital flight and weigh on emerging-market currencies, affecting Chinese feed demand sentiment and import purchasing power.
reuters.comWinni ZhouMay 24, 2019After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
