# Chinese yuan likely to remain relatively steady in Q2, says Scotiabank | EconoTimes

> Scotiabank expects the yuan to stay relatively steady in Q2 and to face headwinds in H2 as credit-fuelled growth raises risks. The US Treasury did not label China a currency manipulator but kept it on its monitoring list. Premier Li Keqiang said the yuan would be kept basically stable.

- Date: 2017-04-20 · published 2017-04-20T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/71715-chinese-yuan-likely-to-remain-relatively-steady-in-q2-says-scotiabank-econotimes
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A steady yuan supports stable Chinese import demand for US feed inputs. Expected H2 weakness would be a modest headwind for those purchases.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-05-31 | [Experts: Yuan set to remain largely stable - Chinadaily.com.cn](https://feedsoft.ai/events/36176-experts-yuan-set-to-remain-largely-stable-chinadaily-com-cn.md) | +0.6% | +2.3% |
| USDCNY | 2019-06-17 | [Chinese yuan to remain stable despite temporary fluctuations_Xinhua Finance Agency](https://feedsoft.ai/events/9811-chinese-yuan-to-remain-stable-despite-temporary-fluctuations-xinhua-finance.md) | -0.8% | -0.7% |
| USDCNY | 2020-12-31 | [China state banks buy dollars to ease sharp yuan rally, traders say](https://feedsoft.ai/events/49863-china-state-banks-buy-dollars-to-ease-sharp-yuan-rally-traders-say.md) | -0.7% | -0.8% |
| USDCNY | 2026-04-28 | [China's yuan steady as traders await Fed meet - Markets - Business Recorder](https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder.md) | +0.1% | -0.5% |
| USDCNY | 2018-10-30 | [Major Chinese banks seen swapping yuan for dollars in forwards: traders \| Reuters](https://feedsoft.ai/events/62767-major-chinese-banks-seen-swapping-yuan-for-dollars-in-forwards-traders-reuters.md) | -0.5% | -0.1% |

## Sources

- econotimes.com: https://econotimes.com/Chinese-yuan-likely-to-remain-relatively-steady-in-Q2-says-Scotiabank-651760

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