# China's falling yuan stokes currency tensions

> The yuan has fallen about 7 percent against the dollar since April and touched roughly 6.85 per dollar in offshore trading. US President Trump and Treasury Secretary Mnuchin accused Beijing of deliberately weakening the currency to offset US tariffs.

- Date: 2018-07-30 · published 2018-07-30T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/64267-china-s-falling-yuan-stokes-currency-tensions
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

If the depreciation is seen as a deliberate offset to tariffs, it adds a currency layer to the trade dispute that could further reduce Chinese purchases of US soybeans, corn and other feed inputs.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-07-28 | [Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall](https://feedsoft.ai/events/46285-asian-currencies-chinese-yuan-hong-kong-dollar-weaken-as-china-stocks-fall.md) | -0.6% | -0.6% |
| USDCNY | 2018-10-31 | [Why the Chinese yuan is falling](https://feedsoft.ai/events/62761-why-the-chinese-yuan-is-falling.md) | -0.7% | -0.4% |
| USDCNY | 2020-02-03 | [China's yuan weakens but falling yen points to risk recovery](https://feedsoft.ai/events/5135-china-s-yuan-weakens-but-falling-yen-points-to-risk-recovery.md) | +1.2% | +0.6% |
| USDCNY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | +0.5% | +3.2% |
| USDCNY | 2018-01-09 | [China Changes the Way It Manages Yuan After Currency's Jump - Bloomberg](https://feedsoft.ai/events/67197-china-changes-the-way-it-manages-yuan-after-currency-s-jump-bloomberg.md) | -0.9% | -3.3% |

## Sources

- dw.com: https://www.dw.com/en/chinas-falling-yuan-stokes-currency-tensions/a-44885515

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