# Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate | South China Morning Post

> The yuan weakened further despite PBOC efforts to stabilise it, with the currency closing at 6.4743 per dollar, its lowest since January. Trump threatened a 10% tariff on another $200 billion of Chinese imports, on top of a 25% levy on Chinese goods announced earlier and set to take effect July 6. Analysts attributed the currency decline to escalating trade war fears.

- Date: 2018-06-19 · published 2018-06-19T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/8533-yuan-weakens-further-despite-efforts-by-people-s-bank-of-china-to-stabilise
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expanded US tariffs on Chinese imports threaten US agricultural export flows, particularly soybeans, and could shift China's buying elsewhere. A weaker yuan further raises the dollar cost of imports, adding downward pressure on US soybean prices.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2018-06-28 | 5 | +2.1% | 3.8 | Tariff threats on another $200bn of Chinese goods on June 19 started the depreciation pressure that carried into the window, but the event falls before the 5-day window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-05-23 | [US farmers feel pain as soybean exports to China flatline despite tariff truce \| South China Morning Post](https://feedsoft.ai/events/14660-us-farmers-feel-pain-as-soybean-exports-to-china-flatline-despite-tariff-truce.md) | -2.4% | -0.8% |
| SOY | 2019-06-25 | [China’s US soybean and pork imports down 55.3 per cent due to trade war, African swine fever \| South China Morning Post](https://feedsoft.ai/events/58593-china-s-us-soybean-and-pork-imports-down-55-3-per-cent-due-to-trade-war-african.md) | -2.6% | -2.6% |
| SOY | 2018-08-01 | [Why China’s pork producers can survive without US soybean imports \| South China Morning Post](https://feedsoft.ai/events/63551-why-china-s-pork-producers-can-survive-without-us-soybean-imports-south-china.md) | -1.6% | -9.2% |
| SOY | 2022-11-07 | [Chinese Yuan Weakens Amid Contracting Exports, Imports on Struggling Demand](https://feedsoft.ai/events/6251-chinese-yuan-weakens-amid-contracting-exports-imports-on-struggling-demand.md) | +0.3% | -0.9% |
| SOY | 2019-07-24 | [China's Soybean Crushers In No Rush To Buy From US Despite Beijing Tariff Offer: Sources \| ESM Magazine](https://feedsoft.ai/events/57953-china-s-soybean-crushers-in-no-rush-to-buy-from-us-despite-beijing-tariff-offer.md) | -0.8% | -3.4% |
| USDCNY | 2022-11-07 | [Chinese Yuan Weakens Amid Contracting Exports, Imports on Struggling Demand](https://feedsoft.ai/events/6251-chinese-yuan-weakens-amid-contracting-exports-imports-on-struggling-demand.md) | -3.1% | -4.2% |
| USDCNY | 2024-11-07 | [China’s yuan falls to near 3-month low on weaker fixing, tariff worries - Markets - Business Recorder](https://feedsoft.ai/events/6858-china-s-yuan-falls-to-near-3-month-low-on-weaker-fixing-tariff-worries-markets.md) | +0.7% | +1.3% |
| USDCNY | 2025-02-28 | [China’s yuan falls to 2-week low after Trump proposes extra tariffs on Chinese exports](https://feedsoft.ai/events/26290-china-s-yuan-falls-to-2-week-low-after-trump-proposes-extra-tariffs-on-chinese.md) | -0.5% | -0.3% |

## Sources

- scmp.com: https://www.scmp.com/business/money/money-news/article/2151516/yuan-weakens-further-despite-efforts-peoples-bank-china

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