# China's yuan eases on weaker fix and seasonal corporate US dollar-buying - Times of News

> 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.

- Date: 2017-11-13 · published 2017-11-13T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/68220-china-s-yuan-eases-on-weaker-fix-and-seasonal-corporate-us-dollar-buying-times
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## 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.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-06-27 | [China's yuan again slightly weakens, corporate US dollar demand strong - Times of News](https://feedsoft.ai/events/11181-china-s-yuan-again-slightly-weakens-corporate-us-dollar-demand-strong-times-of.md) | -0.6% | -1.3% |
| USDCNY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | -0.5% | -0.5% |
| USDCNY | 2024-04-16 | [China's cycle of dollar hoarding and weakening yuan gets vicious](https://feedsoft.ai/events/30951-china-s-cycle-of-dollar-hoarding-and-weakening-yuan-gets-vicious.md) | +0.0% | -0.1% |
| USDCNY | 2018-07-20 | [China’s yuan falls against dollar, helping exporters \| The Seattle Times](https://feedsoft.ai/events/64270-china-s-yuan-falls-against-dollar-helping-exporters-the-seattle-times.md) | +0.2% | +1.6% |
| USDCNY | 2018-07-30 | [China's yuan hits 13-month low on weaker fixing and depreciation bets](https://feedsoft.ai/events/64266-china-s-yuan-hits-13-month-low-on-weaker-fixing-and-depreciation-bets.md) | +0.3% | -0.1% |

## Sources

- singapore.timesofnews.com: https://singapore.timesofnews.com/business-economy/chinas-yuan-eases-on-weaker-fix-and-seasonal-corporate-us-dollar-buying.html

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