# Onshore yuan closes at an over eight-month low, with further near-term declines expected

> The onshore yuan weakened 0.37% against the US dollar to 6.649, its lowest close in more than eight months, while the offshore yuan also fell. Traders cited uncertainty over whether US-China reciprocal tariffs would take effect, and said the yuan could remain under downward pressure in the near term.

- Date: 2026-11-08 · published 2026-11-08T18:09:11.696Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/87759-onshore-yuan-closes-at-an-over-eight-month-low-with-further-near-term-declines
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan raises the cost of imported commodities for Chinese buyers and can weigh on import demand. Tariff uncertainty adds to currency risk for trade flows between China and the United States.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| USDCNY | 2019-05-09 | [Yuan bears re-emerge on fresh trade deal woes; short bets on Korean won soar: Reuters poll \| Reuters](https://feedsoft.ai/events/8440-yuan-bears-re-emerge-on-fresh-trade-deal-woes-short-bets-on-korean-won-soar.md) | +1.4% | +1.9% |
| USDCNY | 2018-06-19 | [Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate \| South China Morning Post](https://feedsoft.ai/events/8533-yuan-weakens-further-despite-efforts-by-people-s-bank-of-china-to-stabilise.md) | +1.5% | +4.1% |
| 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% |

## Sources

- yesdaily.com: https://www.yesdaily.com/xinwen_85042.html

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