# Chinese Yuan Slips To An 18-Month Low - Asia Financial News

> The yuan slipped to an 18-month low of 6.7110 per dollar as the dollar hit a two-decade high amid Ukraine war concerns, rising global rates and Shanghai lockdowns. China's April exports rose 3.9%, slightly better than expected, while imports were flat.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Yuan weakness and lockdown-driven slowdown in China reduce import demand for feed ingredients, while a firmer dollar pressures dollar-priced grain and meal.

## Read by commodity

- DXY: bullish ▲
- SBM: bearish ▼
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2022-05-09 | 1 | +1.0% | 3.3 | Same-day report of the yuan hitting an 18-month low of 6.7110 as the dollar reached a two-decade high, amid rising global rates and Shanghai lockdowns, directly describes the 0.97% move. |
| USDCNY | 2022-05-12 | 5 | +2.0% | 3.9 | Yuan hit an 18-month low of 6.7110 on May 9 as the dollar reached a two-decade high, directly within the 5-day window and reflecting USD strength, global rate rises and Shanghai lockdowns. |
| USDCNY | 2022-05-12 | 1 | +1.0% | 3.1 | Yuan hitting an 18-month low on May 9 amid a two-decade-high dollar, global rate rises and Shanghai lockdowns marks the immediate depreciation momentum leading into the May 12 move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-04-25 | [Yuan Slips to One-Year Lows, Extending Losses - Asia Financial News](https://feedsoft.ai/events/4952-yuan-slips-to-one-year-lows-extending-losses-asia-financial-news.md) | +1.6% | +2.9% |
| USDCNY | 2024-05-29 | [Chinese yuan falls to six-month low on dollar strength - Nikkei Asia](https://feedsoft.ai/events/30488-chinese-yuan-falls-to-six-month-low-on-dollar-strength-nikkei-asia.md) | -0.1% | +0.3% |
| USDCNY | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | +2.2% | +5.2% |
| USDCNY | 2020-02-20 | [Yuan falls to over 2-month low as China cuts lending benchmark \| Financial Post](https://feedsoft.ai/events/54795-yuan-falls-to-over-2-month-low-as-china-cuts-lending-benchmark-financial-post.md) | +0.3% | +0.7% |
| USDCNY | 2022-05-13 | [China’s yuan extends declines to new 19 month low, set for 6th weekly drop](https://feedsoft.ai/events/9859-china-s-yuan-extends-declines-to-new-19-month-low-set-for-6th-weekly-drop.md) | -1.1% | -1.1% |
| DXY | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | +2.3% | +2.8% |
| DXY | 2022-04-20 | [Chinese Yuan Extends Drop to Six-Month Low as U.S. Yields Rise - Caixin Global](https://feedsoft.ai/events/4946-chinese-yuan-extends-drop-to-six-month-low-as-u-s-yields-rise-caixin-global.md) | +1.6% | +2.4% |
| DXY | 2021-06-21 | [Baht, peso plumb multi-month lows to lead Asian FX falls \| Financial Post](https://feedsoft.ai/events/46860-baht-peso-plumb-multi-month-lows-to-lead-asian-fx-falls-financial-post.md) | -1.0% | +0.4% |

## Sources

- asiafinancial.com: https://www.asiafinancial.com/chinese-yuan-slips-to-18-month-low-on-robust-dollar

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