# Are China’s problems finally catching up? USD/CNH

> USD/CNH fell to about 6.3742, its lowest since early June, on October 19, 2021. Analysts suggested the PBOC may have let the yuan strengthen to trigger stop-loss orders below the market. Ongoing property-sector stress and Chinese regulatory crackdowns were cited as factors the central bank must weigh.

- Date: 2021-10-19 · published 2021-10-19T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/7486-are-china-s-problems-finally-catching-up-usd-cnh
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan reduces the local-currency cost of dollar-priced commodity imports for Chinese buyers. Persistent domestic stress may also weigh on Chinese feed demand expectations.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2021-10-19 | 1 | -0.7% | -4.2 | USD/CNH fell to its lowest since June, with the PBOC possibly tolerating strength and triggering stop-loss orders, which amplified the one-day drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-06-02 | [China: Can the new RMB fix, fix the problem? – Deutsche Bank — Octa](https://feedsoft.ai/events/70730-china-can-the-new-rmb-fix-fix-the-problem-deutsche-bank-octa.md) | -0.1% | -0.3% |
| USDCNY | 2022-09-06 | [Why China's central bank is shoring up the yuan](https://feedsoft.ai/events/12268-why-china-s-central-bank-is-shoring-up-the-yuan.md) | +0.4% | +3.1% |
| USDCNY | 2022-08-25 | [Dollar Vs. Yuan: China Acts to Prop up Faltering Currency With Strong Fix - Markets Insider](https://feedsoft.ai/events/40264-dollar-vs-yuan-china-acts-to-prop-up-faltering-currency-with-strong-fix-markets.md) | +0.5% | +3.2% |
| USDCNY | 2022-09-27 | [Exclusive: China prepares to tweak yuan fixing process to slow its fall -source](https://feedsoft.ai/events/7210-exclusive-china-prepares-to-tweak-yuan-fixing-process-to-slow-its-fall-source.md) | -0.4% | +1.8% |
| USDCNY | 2022-09-07 | [China Sets Yuan CNY USD Fix at 6.916 Per Dollar, Strongest Bias on Record - Bloomberg](https://feedsoft.ai/events/12269-china-sets-yuan-cny-usd-fix-at-6-916-per-dollar-strongest-bias-on-record.md) | -0.4% | +2.3% |

## Sources

- forex.com: https://www.forex.com/en/news-and-analysis/are-chinas-problems-finally-catching-up-usdcnh/

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