# China’s yuan falls against dollar, helping exporters | The Seattle Times

> The People's Bank of China is letting the yuan drift lower, and it dipped to a 12-month low of 6.8 per dollar on Friday. The move follows US tariffs of 25 percent on $34 billion of Chinese goods, with analysts attributing the decline mainly to slowing growth and diverging interest rate policy.

- Date: 2018-07-20 · published 2018-07-20T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/64270-china-s-yuan-falls-against-dollar-helping-exporters-the-seattle-times
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan offsets tariff costs for Chinese exporters but makes dollar-priced US imports more expensive, which tends to reduce demand for US soybeans and other feed commodities.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-10-08 | [China’s yuan falls against strong dollar, stocks surge after holiday](https://feedsoft.ai/events/11039-china-s-yuan-falls-against-strong-dollar-stocks-surge-after-holiday.md) | +1.4% | +1.2% |
| USDCNY | 2017-04-25 | [China's yuan dips against US dollar, falls to record low against currency basket - The Business Times](https://feedsoft.ai/events/71709-china-s-yuan-dips-against-us-dollar-falls-to-record-low-against-currency-basket.md) | +0.1% | -0.0% |
| USDCNY | 2024-01-04 | [China’s yuan eases against the dollar on widening yield differential - The Pound Hub](https://feedsoft.ai/events/11843-china-s-yuan-eases-against-the-dollar-on-widening-yield-differential-the-pound.md) | +0.3% | +0.4% |
| USDCNY | 2023-05-18 | [As China's yuan drops through 7 again, the dollar is in the driver's seat](https://feedsoft.ai/events/36175-as-china-s-yuan-drops-through-7-again-the-dollar-is-in-the-driver-s-seat.md) | +0.9% | +1.9% |
| USDCNY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.2% | +0.3% |

## Sources

- seattletimes.com: https://www.seattletimes.com/business/apxchina-s-yuan-falls-against-dollar-helping-exporters/

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