# Will the Chinese yuan fall with the economy? | IG Bank Switzerland

> Protests in China expanded across multiple cities over ongoing lockdowns after a deadly fire in which fire services were blocked. Authorities responded with a security crackdown. Analysts say the zero-COVID strategy could weigh on growth and the yuan, with China's 10-year yield now below the U.S. 10-year yield.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6580-will-the-chinese-yuan-fall-with-the-economy-ig-bank-switzerland
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan weakness from slowing growth and yield-gap pressure raises the cost of dollar-priced feed imports. Prolonged lockdowns also reduce Chinese demand for meat and feed.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-07-12 | [How bad is the Chinese economy?](https://feedsoft.ai/events/12304-how-bad-is-the-chinese-economy.md) | +0.0% | -1.1% |
| 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% |
| USDCNY | 2022-11-30 | [Volatility in yuan spurs bets China will widen its band - The Business Times](https://feedsoft.ai/events/38901-volatility-in-yuan-spurs-bets-china-will-widen-its-band-the-business-times.md) | -2.3% | -2.5% |
| USDCNY | 2023-05-30 | ["Yuan" weakens, reaching the lowest level in 6 months, worried about the Chinese economic slowdown - the Bank of Thailand will not intervene - Money & Banking Magazine](https://feedsoft.ai/events/36185-yuan-weakens-reaching-the-lowest-level-in-6-months-worried-about-the-chinese.md) | +0.6% | +2.2% |
| USDCNY | 2020-11-17 | [Chinese yuan jumps to strongest and will likely continue - CGTN](https://feedsoft.ai/events/50364-chinese-yuan-jumps-to-strongest-and-will-likely-continue-cgtn.md) | +0.0% | -0.8% |

## Sources

- ig.com: https://www.ig.com/en-ch/news-and-trade-ideas/where-next-for-the-chinese-economy-as-it-deploys-tanks-and-troop-221206

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