# Why the Chinese yuan’s next move may hinge on Trump’s press conference

> Analysts said the yuan's next move may depend on President-elect Trump's first press conference since July, scheduled for January 11. Trump had vowed to label China a currency manipulator and threatened tariffs of up to 45 percent on Chinese exports to the US. The yuan had fallen to near eight-year lows after the election, mainly because of dollar strength.

- Date: 2017-01-11 · published 2017-01-11T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10767-why-the-chinese-yuan-s-next-move-may-hinge-on-trump-s-press-conference
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Possible tariffs and currency-manipulation accusations would disrupt US-China trade flows, including agricultural purchases. Dollar strength and yuan weakness together raise the cost of dollar-priced commodities for Chinese buyers.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2017-01-12 | 1 | -0.7% | -3.3 | Trump's January 11 press conference was a key event risk, and a weaker dollar after it plausibly drove the 1-day yuan gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-10-31 | [Why the Chinese yuan is falling](https://feedsoft.ai/events/62761-why-the-chinese-yuan-is-falling.md) | -0.7% | -0.4% |
| USDCNY | 2017-09-08 | [3 Experts: After China Yuan Makes A Move, What’s Next?](https://feedsoft.ai/events/69193-3-experts-after-china-yuan-makes-a-move-what-s-next.md) | +1.1% | +2.6% |
| USDCNY | 2020-11-13 | [Chinese yuan after Biden election win, Trump's trade war](https://feedsoft.ai/events/50360-chinese-yuan-after-biden-election-win-trump-s-trade-war.md) | -0.4% | -1.0% |
| USDCNY | 2017-02-26 | [China's yuan falls, but fears of US trade war may cap depreciation - The Business Times](https://feedsoft.ai/events/72719-china-s-yuan-falls-but-fears-of-us-trade-war-may-cap-depreciation-the-business.md) | +0.5% | +0.2% |
| USDCNY | 2017-09-21 | [Across The Border \| Why Beijing’s tight grip on the economy is bad news for the yuan \| South China Morning Post](https://feedsoft.ai/events/69190-across-the-border-why-beijing-s-tight-grip-on-the-economy-is-bad-news-for-the.md) | +1.1% | +0.6% |
| DXY | 2017-11-01 | [Fed signals December hike on track as Trump mulls next chair – Press Enterprise](https://feedsoft.ai/events/67903-fed-signals-december-hike-on-track-as-trump-mulls-next-chair-press-enterprise.md) | +0.1% | -1.2% |
| DXY | 2018-01-26 | [China's yuan firms up further post Trump comments \| The National](https://feedsoft.ai/events/11865-china-s-yuan-firms-up-further-post-trump-comments-the-national.md) | -0.0% | +1.1% |
| DXY | 2016-06-27 | [How China’s yuan could be the currency whipping boy of Brexit - MarketWatch](https://feedsoft.ai/events/12455-how-china-s-yuan-could-be-the-currency-whipping-boy-of-brexit-marketwatch.md) | -0.4% | +0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/01/10/why-the-chinese-yuans-next-move-may-hinge-on-trumps-press-conference.html

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