# Offshore yuan drops faster than onshore currency as trade war fears, central bank policies spook international investors | South China Morning Post

> The offshore yuan fell faster than the onshore yuan on Friday, with both reaching seven-month lows. The Chinese currency extended its losing streak against the dollar to 12 straight days, its longest ever. The onshore-offshore spread widened to 132 basis points amid trade war fears.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/64732-offshore-yuan-drops-faster-than-onshore-currency-as-trade-war-fears-central
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese purchases of US farm goods more expensive and can slow Chinese feed demand, adding pressure to US soybean and feed prices. The sustained slide also signals international investor pessimism about China's trade outlook.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-08-30 | [Macroscope \| China’s yuan sinks, but neither its central bank nor investors are showing signs of panic \| South China Morning Post](https://feedsoft.ai/events/63747-macroscope-china-s-yuan-sinks-but-neither-its-central-bank-nor-investors-are.md) | +0.2% | +1.0% |
| USDCNY | 2024-06-28 | [China’s central bank puts the yuan’s exchange-rate swings in crosshairs \| South China Morning Post](https://feedsoft.ai/events/30006-china-s-central-bank-puts-the-yuan-s-exchange-rate-swings-in-crosshairs-south.md) | -0.0% | -0.3% |
| USDCNY | 2024-12-03 | [China’s yuan hits lowest level in months as Trump tariff threats roil currencies \| South China Morning Post](https://feedsoft.ai/events/27171-china-s-yuan-hits-lowest-level-in-months-as-trump-tariff-threats-roil.md) | -0.2% | +0.4% |
| USDCNY | 2018-10-31 | [China to sell new yuan bills in Hong Kong – a new tool to control the currency now at a 10-year low \| South China Morning Post](https://feedsoft.ai/events/62764-china-to-sell-new-yuan-bills-in-hong-kong-a-new-tool-to-control-the-currency.md) | -0.7% | -0.4% |
| 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

- scmp.com: https://www.scmp.com/business/banking-finance/article/2153087/offshore-yuan-drops-faster-onshore-currency-trade-war-fears

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