# China’s yuan extends declines to new 19 month low, set for 6th weekly drop

> The yuan touched a more than 19-month low against the dollar and breached a key threshold, heading for a sixth straight weekly loss. It has fallen more than 6% in four weeks, and the PBOC set its fix at a fresh weak level of 6.7898.

- Date: 2022-05-13 · published 2022-05-13T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/9859-china-s-yuan-extends-declines-to-new-19-month-low-set-for-6th-weekly-drop
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A sharp yuan depreciation makes dollar-priced imports more expensive for China while easing export pressure, which can weigh on Chinese buying of feed grains and meal. Authorities appear willing to tolerate the weakness as a growth support.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 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) | +2.5% | +5.4% |
| USDCNY | 2022-09-23 | [China’s yuan ends near 28-month low, set for worst week since April - Markets - Business Recorder](https://feedsoft.ai/events/8606-china-s-yuan-ends-near-28-month-low-set-for-worst-week-since-april-markets.md) | +0.6% | +2.3% |
| USDCNY | 2025-09-26 | [China’s yuan touches 3-week low, looks set for biggest weekly drop since July - Markets - Business Recorder](https://feedsoft.ai/events/23111-china-s-yuan-touches-3-week-low-looks-set-for-biggest-weekly-drop-since-july.md) | -0.2% | -0.2% |
| USDCNY | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | +1.8% | -0.2% |
| USDCNY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | -0.5% | -0.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40172791/chinas-yuan-extends-declines-to-new-19-month-low-set-for-6th-weekly-drop

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