# China says yuan no longer a one-way bet as currency slides against US dollar | South China Morning Post

> The yuan fell 1 percent against the dollar on February 8, its biggest one-day drop since the 2015 devaluation, after Beijing warned investors the currency could not move in only one direction. The People's Bank of China said it expects more balance between inbound and outbound capital flows. The yuan later recovered much of the decline by Friday's close.

- Date: 2018-02-09 · published 2018-02-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/66717-china-says-yuan-no-longer-a-one-way-bet-as-currency-slides-against-us-dollar
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Beijing signalling a more two-way yuan suggests less one-way currency appreciation ahead, which slightly reduces the boost to yuan-denominated import purchasing power. The effect on feed prices is limited.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-12-24 | [China to keep yuan currency from sliding below 7 to the US dollar as part of trade war deal, analysts said \| South China Morning Post](https://feedsoft.ai/events/61790-china-to-keep-yuan-currency-from-sliding-below-7-to-the-us-dollar-as-part-of.md) | -0.7% | -2.3% |
| USDCNY | 2018-01-18 | [China says yuan gains market-driven, two-way swings will be the norm \| South China Morning Post](https://feedsoft.ai/events/67199-china-says-yuan-gains-market-driven-two-way-swings-will-be-the-norm-south-china.md) | -1.1% | -1.4% |
| USDCNY | 2026-08-27 | [China keeps yuan in check as PBOC resists sharp rise against weaker US dollar: analysts \| South China Morning Post](https://feedsoft.ai/events/18094-china-keeps-yuan-in-check-as-pboc-resists-sharp-rise-against-weaker-us-dollar.md) | -0.1% | -0.1% |
| USDCNY | 2022-03-04 | [As China’s yuan gets stronger while Ukraine crisis drives up raw material prices, exporters shy away from US dollar \| South China Morning Post](https://feedsoft.ai/events/42484-as-china-s-yuan-gets-stronger-while-ukraine-crisis-drives-up-raw-material.md) | +0.0% | +0.3% |
| USDCNY | 2018-04-12 | [Analysis  \| Why devaluing the yuan is a no-no for China amid US trade war fears \| South China Morning Post](https://feedsoft.ai/events/65713-analysis-why-devaluing-the-yuan-is-a-no-no-for-china-amid-us-trade-war-fears.md) | +0.1% | +1.5% |

## Sources

- scmp.com: https://www.scmp.com/news/china/economy/article/2132700/china-says-yuan-no-longer-one-way-bet-currency-slides-against-us

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