# China: Deteriorating data could be problematic for CNY - TDS - Forex Crunch

> TD Securities says Chinese economic data continues to decelerate rapidly with no near-term reversal expected. It expects policymakers to shift toward more aggressive monetary and fiscal responses, which could pressure the yuan. TD has also revised its USD/CNY forecast lower while seeing near-term upside risks.

- Date: 2019-01-18 · published 2019-01-18T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/61316-china-deteriorating-data-could-be-problematic-for-cny-tds-forex-crunch
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weakening Chinese growth lowers feed demand from the largest importer, while policy easing could support the economy. The net effect on feed grain prices is unclear.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-05-15 | [CNY: Calm even with disappointing economic data - ING - Forex Crunch](https://feedsoft.ai/events/8444-cny-calm-even-with-disappointing-economic-data-ing-forex-crunch.md) | +0.4% | +0.6% |
| USDCNY | 2019-01-31 | [CNY: Guided by the US-China trade talks - Westpac - Forex Crunch](https://feedsoft.ai/events/61312-cny-guided-by-the-us-china-trade-talks-westpac-forex-crunch.md) | +0.5% | -0.1% |
| USDCNY | 2019-04-29 | [USD/CNY: Sharp appreciation or depreciation unlikely in 2019? - ING - Forex Crunch](https://feedsoft.ai/events/59805-usd-cny-sharp-appreciation-or-depreciation-unlikely-in-2019-ing-forex-crunch.md) | +0.1% | +2.5% |
| USDCNY | 2018-12-31 | [CNY: More volatile and vulnerable - Commerzbank - Forex Crunch](https://feedsoft.ai/events/61791-cny-more-volatile-and-vulnerable-commerzbank-forex-crunch.md) | -0.4% | -2.4% |
| USDCNY | 2021-04-01 | [China: Revising our USD/CNY forecast](https://feedsoft.ai/events/47813-china-revising-our-usd-cny-forecast.md) | -0.2% | -1.1% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/01/18/china-deteriorating-data-could-be-problematic-for-cny-tds/

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