# Why the Chinese yuan is falling

> The Chinese yuan is approaching 7 per US dollar, a level not seen since the 2008 financial crisis. The Trump administration accuses Beijing of keeping the currency weak to boost exports, while China says it is keeping the yuan stable. Analysts including Capital Economics expect continued pressure on the currency.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/62761-why-the-chinese-yuan-is-falling
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese purchases of US farm goods and feed ingredients more expensive in dollar terms, which can weigh on US export demand. The currency is also a flashpoint in the trade dispute, so a sharp move could shift tariff and purchase talks.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-04-04 | [Why is the rupee falling?](https://feedsoft.ai/events/31011-why-is-the-rupee-falling.md) | +0.0% | +0.1% |
| USDCNY | 2022-12-06 | [Will the Chinese yuan fall with the economy? \| IG Bank Switzerland](https://feedsoft.ai/events/6580-will-the-chinese-yuan-fall-with-the-economy-ig-bank-switzerland.md) | +0.2% | -1.1% |
| USDCNY | 2024-05-08 | [Is China Going To Devalue The Chinese Yuan (CNY)? \| Disruption Banking](https://feedsoft.ai/events/5873-is-china-going-to-devalue-the-chinese-yuan-cny-disruption-banking.md) | +0.2% | +0.4% |
| USDCNY | 2024-07-12 | [How bad is the Chinese economy?](https://feedsoft.ai/events/12304-how-bad-is-the-chinese-economy.md) | +0.0% | -1.1% |
| USDCNY | 2018-07-30 | [China's falling yuan stokes currency tensions](https://feedsoft.ai/events/64267-china-s-falling-yuan-stokes-currency-tensions.md) | +0.3% | -0.1% |

## Sources

- bbc.com: https://www.bbc.com/news/business-46031652

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