# Analysis: Yuan's strength against the dollar fails to snuff out depreciation expectations

> Reuters reports that many traders still expect the yuan to weaken against the dollar over the next year, despite three months of gains. A Reuters poll forecast 6.85 per dollar in six months and 6.9 in a year, with the yuan settling at 6.6715 on August 14.

- Date: 2017-08-15 · published 2017-08-15T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/69678-analysis-yuan-s-strength-against-the-dollar-fails-to-snuff-out-depreciation
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of yuan weakness into the fall party congress imply firmer dollar costs for Chinese feed importers, a mild bullish factor for the dollar that can weigh on dollar-priced feed commodities.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-11-27 | [Yuan keeps on appreciating against both the dollar and the euro](https://feedsoft.ai/events/50362-yuan-keeps-on-appreciating-against-both-the-dollar-and-the-euro.md) | -0.7% | -0.7% |
| USDCNY | 2025-01-01 | [Yuan pressured by depreciation expectations; long-term yields fall to record lows](https://feedsoft.ai/events/27165-yuan-pressured-by-depreciation-expectations-long-term-yields-fall-to-record-lows.md) | +0.4% | -0.8% |
| 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 | 2019-08-05 | [Yuan sinks past seven against the dollar to over decade low](https://feedsoft.ai/events/5372-yuan-sinks-past-seven-against-the-dollar-to-over-decade-low.md) | +1.8% | +3.1% |
| USDCNY | 2024-05-01 | [Yuan falls out of favour with China’s exporters as fears of depreciation mount](https://feedsoft.ai/events/30957-yuan-falls-out-of-favour-with-china-s-exporters-as-fears-of-depreciation-mount.md) | -0.3% | +0.1% |

## Sources

- zeebiz.com: https://www.zeebiz.com/world/report-analysis-yuans-strength-against-the-dollar-fails-to-snuff-out-depreciation-expectations-21228

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