◂ Event Timeline

Nov 13, 2017MACROChina

China's yuan eases on weaker fix and seasonal corporate US dollar-buying

China's yuan eased against the US dollar on November 13, 2017, as the People's Bank of China set a weaker midpoint fix of 6.6347. Corporate and oil-firm dollar buying added pressure, and the spot rate traded near 6.647.

WHY IT MATTERS

A weaker yuan makes Chinese buyers pay more in dollars for US commodities, which can dampen import demand at the margin. The effect on grain and feed prices is usually small.

AFFECTSChinese Yuan (CNY per USD)▲

SOURCE
singapore.timesofnews.comTimes of NewsNov 13, 2017

Price reaction & history

Chinese Yuan (CNY per USD)▲bullishSO FAR1d +0.0%5d -0.2%20d -0.3%

After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.

Jun 27, 2017China's yuan again slightly weakens, corporate US dollar demand strong - Times of News-0.6%
Oct 26, 2017China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times-0.5%
Apr 16, 2024China's cycle of dollar hoarding and weakening yuan gets vicious+0.0%
Jul 20, 2018China’s yuan falls against dollar, helping exporters | The Seattle Times+0.2%
Jul 30, 2018China's yuan hits 13-month low on weaker fixing and depreciation bets+0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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