# Yuan slips as weak inflation fans growth concerns - Markets - Business Recorder

> China's yuan weakened slightly on Wednesday after factory-gate prices fell 1.3% year-on-year in October and consumer inflation slowed to 2.1%. The People's Bank of China set the midpoint at 7.2189 per dollar.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6250-yuan-slips-as-weak-inflation-fans-growth-concerns-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weak inflation signals soft domestic demand for feed and livestock products, and a softer yuan can lift the local cost of imported feed ingredients.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +0.1% | +0.2% |
| USDCNY | 2023-01-17 | [Indian rupee weakens on yuan-led slide on Asian currencies - Markets - Business Recorder](https://feedsoft.ai/events/38053-indian-rupee-weakens-on-yuan-led-slide-on-asian-currencies-markets-business.md) | +1.3% | +1.8% |
| USDCNY | 2021-03-24 | [China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder](https://feedsoft.ai/events/48336-china-s-yuan-slips-on-dollar-strength-sino-west-tensions-markets-business.md) | +0.9% | -0.3% |
| USDCNY | 2023-12-11 | [China’s yuan weakens to 3-week low, hurt by deflation signs - Markets - Business Recorder](https://feedsoft.ai/events/6455-china-s-yuan-weakens-to-3-week-low-hurt-by-deflation-signs-markets-business.md) | -0.7% | +0.0% |
| USDCNY | 2022-07-27 | [China’s yuan weakens as Fed looms, property, COVID weigh - Markets - Business Recorder](https://feedsoft.ai/events/40700-china-s-yuan-weakens-as-fed-looms-property-covid-weigh-markets-business-recorder.md) | -0.2% | +1.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40207876

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