# Breakingviews - China's commitment to stable yuan looks unstable

> Breakingviews argues China's commitment to a stable yuan is weakening after the currency moved below 6.7 per dollar, a level state banks had recently defended. The commentary attributes the move to a greenback rally and cooling Chinese growth rather than export competitiveness.

- Date: 2018-07-19 · published 2018-07-19T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/64271-breakingviews-china-s-commitment-to-stable-yuan-looks-unstable
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Persistent currency weakness raises the cost of dollar-priced US feed imports for Chinese buyers and may weigh on demand, though the commentary frames the move as less a deliberate trade tool.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-28 | [China's yuan slides to 14-year low after US rate hikes \| AP News](https://feedsoft.ai/events/8604-china-s-yuan-slides-to-14-year-low-after-us-rate-hikes-ap-news.md) | -0.9% | -0.1% |
| USDCNY | 2024-11-28 | [Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast](https://feedsoft.ai/events/27630-chinese-yuan-to-hit-record-lows-as-u-s-tariff-threat-mounts-investment-banks.md) | +0.1% | +0.7% |
| USDCNY | 2016-11-16 | [China’s Yuan Tumbles to Eight-Year Low as Banks Weaken Forecasts - Bloomberg](https://feedsoft.ai/events/7741-china-s-yuan-tumbles-to-eight-year-low-as-banks-weaken-forecasts-bloomberg.md) | +0.5% | +0.7% |
| 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 | 2020-02-20 | [Breaking: The People's Bank of China cut interest rates: AUD and Yuan sliding — Octa](https://feedsoft.ai/events/54798-breaking-the-people-s-bank-of-china-cut-interest-rates-aud-and-yuan-sliding-octa.md) | +0.3% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-yuan-breakingviews/breakingviews-chinas-commitment-to-stable-yuan-looks-unstable-idUSKBN1K90CW/

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