# China's yuan slips, traders wary of reopening risks | Reuters

> China's yuan weakened on Tuesday as the dollar gained broadly after unexpectedly strong U.S. factory and durable goods orders. The spot yuan slipped 0.2% to 6.9738 per dollar despite the central bank setting its guidance rate at a two-month high. The currency remained up nearly 5% since November on hopes for China's economic reopening.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6574-china-s-yuan-slips-traders-wary-of-reopening-risks-reuters
- 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 weaker yuan raises the cost of dollar-priced feed imports for Chinese buyers, which can dampen demand for U.S. commodities. The move reflects dollar strength rather than a new commodity shock.

## Read by commodity

- DXY: bullish ▲
- 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 | 2018-10-29 | [China's yuan finishes onshore trading at weakest since 2008 By Reuters](https://feedsoft.ai/events/62763-china-s-yuan-finishes-onshore-trading-at-weakest-since-2008-by-reuters.md) | -0.8% | +0.1% |
| USDCNY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | +0.5% | +3.2% |
| USDCNY | 2024-12-11 | [EXCLUSIVE: Chinese authorities are considering a weaker yuan as Trump trade risks loom \| Reuters](https://feedsoft.ai/events/27164-exclusive-chinese-authorities-are-considering-a-weaker-yuan-as-trump-trade.md) | +0.5% | +1.1% |
| 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% |
| DXY | 2018-10-29 | [China's yuan finishes onshore trading at weakest since 2008 By Reuters](https://feedsoft.ai/events/62763-china-s-yuan-finishes-onshore-trading-at-weakest-since-2008-by-reuters.md) | +0.1% | +1.2% |
| DXY | 2019-05-30 | [Ringgit opens lower on worsening US-China trade war \| Malay Mail](https://feedsoft.ai/events/59335-ringgit-opens-lower-on-worsening-us-china-trade-war-malay-mail.md) | -0.4% | -1.7% |
| DXY | 2017-01-25 | [Surprise China MLF rate rise weighs on bonds; yuan and money rates fall \| Reuters](https://feedsoft.ai/events/73175-surprise-china-mlf-rate-rise-weighs-on-bonds-yuan-and-money-rates-fall-reuters.md) | -0.7% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/chinas-yuan-slips-traders-wary-of-reopening-risks-idUSL1N32W06M/

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