# Recent falls in onshore RMB exchange rate is normal_Xinhua Finance Agency

> The onshore yuan fell sharply on September 25 to close at 6.8770 per dollar, its biggest drop since July 27. Analysts attribute the move largely to a lagged reaction and pre-holiday dollar buying, while noting that trade conflicts had some influence.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/63267-recent-falls-in-onshore-rmb-exchange-rate-is-normal-xinhua-finance-agency
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan volatility shifts the cost of US feed imports for Chinese buyers, which can alter the timing and volume of purchases of soybeans and meal.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-06-29 | [Chinese yuan weakens to 7.0808 against USD Monday_Xinhua Finance Agency](https://feedsoft.ai/events/52827-chinese-yuan-weakens-to-7-0808-against-usd-monday-xinhua-finance-agency.md) | -0.9% | -1.2% |
| USDCNY | 2019-12-09 | [Chinese yuan weakens to 7.0405 against USD Monday_Xinhua Finance Agency](https://feedsoft.ai/events/8446-chinese-yuan-weakens-to-7-0405-against-usd-monday-xinhua-finance-agency.md) | -0.6% | -1.3% |
| USDCNY | 2017-01-01 | [In 2016, RBI’s actions changed the fortune of Indian rupee - Banking & Finance News \| The Financial Express](https://feedsoft.ai/events/73268-in-2016-rbi-s-actions-changed-the-fortune-of-indian-rupee-banking-and-finance.md) | -0.1% | -1.0% |
| USDCNY | 2022-05-03 | [China \| RMB exchange rate sharp depreciation amid diverging monetary policy \| BBVA Research](https://feedsoft.ai/events/8313-china-rmb-exchange-rate-sharp-depreciation-amid-diverging-monetary-policy-bbva.md) | +1.8% | +1.0% |
| USDCNY | 2024-06-28 | [China’s central bank puts the yuan’s exchange-rate swings in crosshairs \| South China Morning Post](https://feedsoft.ai/events/30006-china-s-central-bank-puts-the-yuan-s-exchange-rate-swings-in-crosshairs-south.md) | -0.0% | -0.3% |

## Sources

- en.xfafinance.com: http://en.xfafinance.com/html/Dont_Miss/2018/364141.shtml

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