# Timeline of China's recent measures to stabilise yuan near key level

> China's yuan has lost more than 6 percent against the dollar this year and nearly 10 percent since March, when the first tit-for-tat US and Chinese tariffs were announced. Attention has turned to whether the central bank will defend the psychologically critical 7 per dollar level.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/62263-timeline-of-china-s-recent-measures-to-stabilise-yuan-near-key-level
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker yuan makes Chinese buyers' dollar-priced US grain and soymeal purchases more expensive, reinforcing demand pressure on US feed commodities. Authorities defending 7 would limit that pressure.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-09-24 | [China's yuan surges to 16-month peak on new stimulus measures](https://feedsoft.ai/events/28554-china-s-yuan-surges-to-16-month-peak-on-new-stimulus-measures.md) | -0.5% | +1.0% |
| USDCNY | 2023-06-29 | [Policy measures China's central bank could use to stem yuan weakness](https://feedsoft.ai/events/35711-policy-measures-china-s-central-bank-could-use-to-stem-yuan-weakness.md) | +0.1% | -1.0% |
| USDCNY | 2023-08-24 | [China central bank boosts offshore bill sales to stabilise yuan, says ex-official](https://feedsoft.ai/events/34802-china-central-bank-boosts-offshore-bill-sales-to-stabilise-yuan-says-ex-official.md) | +0.1% | +0.4% |
| USDCNY | 2026-10-26 | [China’s yuan climbs to fresh 4-year high ahead of key policy meetings By Reuters](https://feedsoft.ai/events/17257-china-s-yuan-climbs-to-fresh-4-year-high-ahead-of-key-policy-meetings-by-reuters.md) | -0.2% | — |
| USDCNY | 2020-02-01 | [China’s Yuan Climbs Past Key Levels as Trade Tensions Ease](https://feedsoft.ai/events/55309-china-s-yuan-climbs-past-key-levels-as-trade-tensions-ease.md) | +1.2% | +0.6% |
| SOY | 2025-01-13 | [China's yuan hovers near 16-month low despite official support - The HinduBusinessLine](https://feedsoft.ai/events/26718-china-s-yuan-hovers-near-16-month-low-despite-official-support-the.md) | +2.0% | +3.6% |
| SOY | 2019-06-09 | [China Central Banker Says No Specific Yuan Level Important - Bloomberg](https://feedsoft.ai/events/58817-china-central-banker-says-no-specific-yuan-level-important-bloomberg.md) | +4.7% | +2.2% |
| SOY | 2019-06-11 | [For China's yuan, the path toward 7 per dollar is now wide open \| The Straits Times](https://feedsoft.ai/events/58818-for-china-s-yuan-the-path-toward-7-per-dollar-is-now-wide-open-the-straits-times.md) | +6.3% | +2.8% |

## Sources

- reuters.com: https://www.reuters.com/article/business/timeline-of-chinas-recent-measures-to-stabilise-yuan-near-key-level-idUSKCN1NE0BL/

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