# Renminbi/Chinese Yuan Depreciates as a Result of Economic Weakness and Loosening Policies - ActionForex

> ActionForex says the renminbi has weakened over 6 percent against the dollar in June and July but less against a basket of currencies, with its official index down 4.4 percent over two months. The firm attributes the decline mainly to slowing growth, looser fiscal and monetary policy, and Fed-PBOC policy divergence rather than deliberate retaliation.

- Date: 2018-07-30 · published 2018-07-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/64272-renminbi-chinese-yuan-depreciates-as-a-result-of-economic-weakness-and
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Its view that the yuan will keep skewing lower implies continued pressure on the cost of dollar-priced US feed imports into China, with the government likely to limit the pace of decline.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-01-06 | [China's yuan eases on hawkish Fed, warning of depreciation pressure \| Reuters](https://feedsoft.ai/events/43356-china-s-yuan-eases-on-hawkish-fed-warning-of-depreciation-pressure-reuters.md) | -0.1% | -0.0% |
| USDCNY | 2018-07-30 | [China's yuan hits 13-month low on weaker fixing and depreciation bets](https://feedsoft.ai/events/64266-china-s-yuan-hits-13-month-low-on-weaker-fixing-and-depreciation-bets.md) | +0.3% | -0.1% |
| USDCNY | 2022-06-10 | [China's renminbi will likely remain weak for the rest of 2022 \| Oxford Economics](https://feedsoft.ai/events/41170-china-s-renminbi-will-likely-remain-weak-for-the-rest-of-2022-oxford-economics.md) | +0.2% | +0.4% |
| USDCNY | 2020-04-16 | [Chinese Yuan Weakens As PBoC Pumps More Liquidity Into Economy](https://feedsoft.ai/events/53877-chinese-yuan-weakens-as-pboc-pumps-more-liquidity-into-economy.md) | +0.2% | +0.3% |
| USDCNY | 2022-05-13 | [China’s yuan depreciation complicates trade outlook, leaves manufacturers ‘nervous and passive’ \| South China Morning Post](https://feedsoft.ai/events/9857-china-s-yuan-depreciation-complicates-trade-outlook-leaves-manufacturers.md) | -1.1% | -1.1% |

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/china-watch/117214-renminbi-chinese-yuan-depreciates-as-a-result-of-economic-weakness-and-loosening-policies/

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