# NEXEN | Reuters Insider - Asia Insight: Yuan eases to 1-month low, set for longest monthly losing streak since 1994

> The yuan fell to a one-month low against the dollar on escalating US-China trade tensions and is on track for its longest monthly losing streak on record. Traders expect a trading range of 6.8 to 6.9 per dollar with a downward bias, as neither side appears willing to compromise.

- Date: 2018-09-28 · published 2018-09-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/63266-nexen-reuters-insider-asia-insight-yuan-eases-to-1-month-low-set-for-longest
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Continued yuan weakness reduces the purchasing power of Chinese importers for US soybeans and meal, adding to the downward pressure on US feed commodity export demand.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| USDCNY | 2026-03-06 | [China’s yuan set to end longest weekly rally since 2012 on Middle East turmoil \| Reuters](https://feedsoft.ai/events/11676-china-s-yuan-set-to-end-longest-weekly-rally-since-2012-on-middle-east-turmoil.md) | -0.3% | -0.1% |
| USDCNY | 2022-09-23 | [China’s yuan ends near 28-month low, set for worst week since April - Markets - Business Recorder](https://feedsoft.ai/events/8606-china-s-yuan-ends-near-28-month-low-set-for-worst-week-since-april-markets.md) | +0.6% | +2.3% |
| USDCNY | 2022-05-13 | [China’s yuan extends declines to new 19 month low, set for 6th weekly drop](https://feedsoft.ai/events/9859-china-s-yuan-extends-declines-to-new-19-month-low-set-for-6th-weekly-drop.md) | -1.1% | -1.1% |
| USDCNY | 2022-12-30 | [FXNEWS24 \|China's yuan set for biggest yearly loss since 1994 \| UK Forex Reviews](https://feedsoft.ai/events/12766-fxnews24-china-s-yuan-set-for-biggest-yearly-loss-since-1994-uk-forex-reviews.md) | -1.8% | -3.1% |
| SOY | 2026-03-06 | [China’s yuan set to end longest weekly rally since 2012 on Middle East turmoil \| Reuters](https://feedsoft.ai/events/11676-china-s-yuan-set-to-end-longest-weekly-rally-since-2012-on-middle-east-turmoil.md) | +4.2% | -0.0% |
| SOY | 2024-05-29 | [Chinese yuan falls to six-month low on dollar strength - Nikkei Asia](https://feedsoft.ai/events/30488-chinese-yuan-falls-to-six-month-low-on-dollar-strength-nikkei-asia.md) | -4.1% | -5.4% |
| SOY | 2024-10-28 | [China's weakening yuan set to snap three straight months of gains in Oct](https://feedsoft.ai/events/28078-china-s-weakening-yuan-set-to-snap-three-straight-months-of-gains-in-oct.md) | -0.5% | -0.4% |

## Sources

- stockopedia.com: https://www.stockopedia.com/share-prices/nexen-KRX:005720/news/reuters-insider-asia-insight-yuan-eases-to-1-month-low-set-for-longest-monthly-losing-streak-since-1994-019e6b6e-d79e-71ae-b5ff-35d8f200593f/

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