# A Decade of Trying and Yuan Trading Has Barely Scratched Dollar - Bloomberg

> A Bloomberg analysis says the yuan has made little progress in challenging the dollar after a decade of efforts to internationalize it. The article notes the currency is still far from freely convertible and that investors remain concerned about sudden yuan depreciation.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/8447-a-decade-of-trying-and-yuan-trading-has-barely-scratched-dollar-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Limited yuan internationalization keeps China's currency policy and capital controls central to dollar-denominated trade flows. This is structural background with no immediate price impact on feed markets.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-01-05 | [China Can't Hide Yuan's Dangerous Dollar Dependency - Bloomberg](https://feedsoft.ai/events/73187-china-can-t-hide-yuan-s-dangerous-dollar-dependency-bloomberg.md) | +0.1% | -1.0% |
| USDCNY | 2018-02-08 | [China's Yuan Toppled From Two-Year High as Trade Data Surprises - Bloomberg](https://feedsoft.ai/events/7104-china-s-yuan-toppled-from-two-year-high-as-trade-data-surprises-bloomberg.md) | +1.3% | +1.2% |
| USDCNY | 2017-05-31 | [Yuan Surges in Hong Kong as Traders See PBOC Squeezing Bears - Bloomberg](https://feedsoft.ai/events/5664-yuan-surges-in-hong-kong-as-traders-see-pboc-squeezing-bears-bloomberg.md) | -0.8% | -0.6% |
| USDCNY | 2016-06-27 | [China Weakens Yuan Fixing by Most Since August as Dollar Surges - Bloomberg](https://feedsoft.ai/events/12454-china-weakens-yuan-fixing-by-most-since-august-as-dollar-surges-bloomberg.md) | +0.6% | +1.0% |
| USDCNY | 2026-07-30 | [CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg](https://feedsoft.ai/events/18568-cny-usd-yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed.md) | -0.3% | -0.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-12-12/after-a-decade-of-drama-china-s-yuan-reform-has-far-way-to-go

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