# China steps in to support yuan again as Trump inauguration nears

> The PBOC and state banks intervened in onshore and offshore yuan markets to support the currency, setting a stronger-than-expected midpoint and selling dollars. Investors expect tension ahead of Donald Trump's January 20 inauguration, given his threats of tariffs and currency-manipulator labeling for China.

- Date: 2017-01-04 · published 2017-01-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/10249-china-steps-in-to-support-yuan-again-as-trump-inauguration-nears
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Official support for the yuan reduces currency risk for Chinese buyers of US feed ingredients, but tariff threats after the inauguration could disrupt trade flows and feed demand.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2017-01-05 | 1 | -0.7% | -3.4 | PBOC and state bank intervention on Jan 4, with dollar sales and a stronger-than-expected midpoint, set up the yuan's rebound that carried into Jan 5. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-01-22 | [Exclusive: China moves to support yuan as stock markets tumble \| Reuters](https://feedsoft.ai/events/32350-exclusive-china-moves-to-support-yuan-as-stock-markets-tumble-reuters.md) | -0.2% | -0.0% |
| USDCNY | 2019-08-26 | [China lets yuan sink, Trump says serious talks to start \| AP News](https://feedsoft.ai/events/57793-china-lets-yuan-sink-trump-says-serious-talks-to-start-ap-news.md) | +0.9% | +0.3% |
| USDCNY | 2025-05-28 | [China Pulls Back Support as Yuan Rebounds Against Dollar  - Caixin Global](https://feedsoft.ai/events/24886-china-pulls-back-support-as-yuan-rebounds-against-dollar-caixin-global.md) | -0.1% | -0.3% |
| USDCNY | 2023-06-27 | [China steps in to stem yuan slide, shore up confidence \| Reuters](https://feedsoft.ai/events/10488-china-steps-in-to-stem-yuan-slide-shore-up-confidence-reuters.md) | +0.0% | -1.4% |
| USDCNY | 2017-11-02 | [People's Bank of China seen supporting yuan around Trump visit](https://feedsoft.ai/events/68225-people-s-bank-of-china-seen-supporting-yuan-around-trump-visit.md) | +0.3% | +0.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/01/04/china-steps-in-to-support-yuan-again-as-trump-inauguration-nears.html

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