# Why we’re forecasting the yuan to depreciate | articles | ING THINK

> ING raised its 2018 USD/CNY forecast to 6.60 and shifted its view from yuan appreciation to depreciation. The analysis cites trade-war escalation and political risks in Italy and Spain as supporting a strong dollar trend.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/65232-why-we-re-forecasting-the-yuan-to-depreciate-articles-ing-think
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of yuan weakness signals firmer dollar strength, which tends to pressure dollar-denominated feed commodity prices and can weigh on export competitiveness for US product.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-06-29 | [Why we’re revising our yuan forecast down again \| articles \| ING THINK](https://feedsoft.ai/events/8537-why-we-re-revising-our-yuan-forecast-down-again-articles-ing-think.md) | +0.2% | +2.8% |
| USDCNY | 2019-05-08 | [EM FX: Floating in a sea of red \| articles \| ING THINK](https://feedsoft.ai/events/10432-em-fx-floating-in-a-sea-of-red-articles-ing-think.md) | +1.4% | +2.0% |
| USDCNY | 2025-04-16 | [Asia FX Talking: Pressure builds on the renminbi \| articles \| ING THINK](https://feedsoft.ai/events/25366-asia-fx-talking-pressure-builds-on-the-renminbi-articles-ing-think.md) | -0.0% | -1.5% |
| USDCNY | 2019-06-03 | [China: Revising yuan lower but 7.0 should hold \| articles \| ING THINK](https://feedsoft.ai/events/58821-china-revising-yuan-lower-but-7-0-should-hold-articles-ing-think.md) | +0.0% | -0.5% |
| 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% |
| DXY | 2023-04-19 | [Rates Spark: The yield race to the top continues \| articles \| ING THINK](https://feedsoft.ai/events/36670-rates-spark-the-yield-race-to-the-top-continues-articles-ing-think.md) | +0.4% | +0.1% |
| DXY | 2019-07-31 | [Fed meeting: beware the dollar’s resilience \| articles \| ING THINK](https://feedsoft.ai/events/58016-fed-meeting-beware-the-dollar-s-resilience-articles-ing-think.md) | +0.9% | +1.8% |
| DXY | 2021-06-17 | [FX Daily: The Fed disrupting the calm \| articles \| ING THINK](https://feedsoft.ai/events/6129-fx-daily-the-fed-disrupting-the-calm-articles-ing-think.md) | +1.1% | +1.7% |

## Sources

- think.ing.com: https://think.ing.com/articles/revising-yuan-forecasts-to-depreciation/

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