# Chinese yuan to remain stable despite temporary fluctuations_Xinhua Finance Agency

> Xinhua reports the yuan fell to 6.96 offshore on June 7 and 6.93 onshore on June 10 amid US-China trade frictions. Chinese officials and economists say the currency will remain stable given solid fundamentals.

- Date: 2019-06-17 · published 2019-06-17T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/9811-chinese-yuan-to-remain-stable-despite-temporary-fluctuations-xinhua-finance
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Official signals of yuan stability reduce currency-driven volatility in Chinese import demand for soybeans and meal, so the effect on grain prices is limited.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-05-31 | [Experts: Yuan set to remain largely stable - Chinadaily.com.cn](https://feedsoft.ai/events/36176-experts-yuan-set-to-remain-largely-stable-chinadaily-com-cn.md) | +0.6% | +2.3% |
| USDCNY | 2018-05-11 | [Chinese yuan strengthens to 6.3524 against USD Friday - Xinhua \| English.news.cn](https://feedsoft.ai/events/65235-chinese-yuan-strengthens-to-6-3524-against-usd-friday-xinhua-english-news-cn.md) | +0.3% | +0.9% |
| USDCNY | 2023-11-27 | [China’s yuan flat - Business & Finance - Business Recorder](https://feedsoft.ai/events/33390-china-s-yuan-flat-business-and-finance-business-recorder.md) | -0.1% | -0.2% |
| USDCNY | 2021-10-22 | [China's yuan eases after regulator warn of possible actions to counter higher fluctuations - Markets - Business Recorder](https://feedsoft.ai/events/44778-china-s-yuan-eases-after-regulator-warn-of-possible-actions-to-counter-higher.md) | -0.0% | -0.1% |
| USDCNY | 2026-07-31 | [PBOC Seeks to Temper Yuan Rally With Stable Daily Fix \| Financial Post](https://feedsoft.ai/events/18571-pboc-seeks-to-temper-yuan-rally-with-stable-daily-fix-financial-post.md) | -0.1% | -0.5% |

## Sources

- en.xfafinance.com: http://en.xfafinance.com/html/Markets/Currencies/2019/415179.shtml

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