# China's yuan 'may already be overvalued' and is set to slide: Nomura

> Nomura says the yuan may already be overvalued against the US dollar and is likely to move lower as China eases monetary and credit policy. The bank argues that US efforts to lock the yuan at a stable level in trade talks would backfire.

- Date: 2019-03-11 · published 2019-03-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/60330-china-s-yuan-may-already-be-overvalued-and-is-set-to-slide-nomura
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese purchases of dollar-priced feed ingredients costlier, which can dampen demand and pressure US export prices.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-06-04 | [China's yuan may slip further to aid economic recovery - analysts](https://feedsoft.ai/events/35717-china-s-yuan-may-slip-further-to-aid-economic-recovery-analysts.md) | +0.6% | +2.2% |
| USDCNY | 2018-10-30 | [Yuan's slide to decade low puts China in tricky position - Nikkei Asia](https://feedsoft.ai/events/62765-yuan-s-slide-to-decade-low-puts-china-in-tricky-position-nikkei-asia.md) | -0.5% | -0.1% |
| USDCNY | 2020-02-20 | [Breaking: The People's Bank of China cut interest rates: AUD and Yuan sliding — Octa](https://feedsoft.ai/events/54798-breaking-the-people-s-bank-of-china-cut-interest-rates-aud-and-yuan-sliding-octa.md) | +0.3% | +0.7% |
| USDCNY | 2022-09-28 | [China's yuan slides to 14-year low after US rate hikes \| AP News](https://feedsoft.ai/events/8604-china-s-yuan-slides-to-14-year-low-after-us-rate-hikes-ap-news.md) | -0.9% | -0.1% |
| USDCNY | 2024-03-22 | [China yuan slides to four-month low, state banks step in \| Reuters](https://feedsoft.ai/events/31441-china-yuan-slides-to-four-month-low-state-banks-step-in-reuters.md) | +0.4% | +0.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/03/11/chinas-yuan-may-already-be-overvalued-and-is-set-to-slide-nomura.html

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