# Weakening in Chinese yuan: Its 'fairly valued,' says IMF mission chief

> The IMF's China mission chief said the yuan remains fairly valued despite its recent slide against the dollar. He attributed the moves to normal flexible exchange-rate behavior, a wider policy divergence with the US, and slowing growth in China.

- Date: 2018-07-27 · published 2018-07-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/64268-weakening-in-chinese-yuan-its-fairly-valued-says-imf-mission-chief
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

An IMF view that the currency is not misaligned suggests limited pressure for a sharp further decline, which may limit the currency's added support to Chinese demand for US feed ingredients.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-07-28 | [IMF says dollar overvalued while China’s yuan and Japanese yen in line with fundamentals \| South China Morning Post](https://feedsoft.ai/events/70194-imf-says-dollar-overvalued-while-china-s-yuan-and-japanese-yen-in-line-with.md) | -0.4% | -1.2% |
| 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 | 2022-05-11 | [How PBOC might respond to China's weakening yuan](https://feedsoft.ai/events/10987-how-pboc-might-respond-to-china-s-weakening-yuan.md) | +0.0% | -0.8% |
| USDCNY | 2019-08-06 | [Forex markets: Chinese yuan in focus](https://feedsoft.ai/events/5369-forex-markets-chinese-yuan-in-focus.md) | +0.1% | +1.9% |
| USDCNY | 2021-12-21 | [Chinese yuan's strength expected to reverse in 2022, Fitch says](https://feedsoft.ai/events/43820-chinese-yuan-s-strength-expected-to-reverse-in-2022-fitch-says.md) | -0.1% | -0.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/07/27/the-chinese-yuan-is-fairly-valued-says-imf-mission-chief.html

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