# China's yuan firms up further post Trump comments | The National

> The yuan advanced further against the dollar on Friday, though more slowly, as the greenback made a broad recovery after President Trump said he wanted a strong dollar. The onshore yuan was on course for its best week since September 2017, and the PBOC lifted its midpoint for a sixth straight day.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11865-china-s-yuan-firms-up-further-post-trump-comments-the-national
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Trump's comments lifted the dollar, while the yuan's steady gains reduce the cost of dollar-priced imports for China. The mixed signals leave the net effect on grain and oilseed prices modest.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-01-11 | [Yuan rallies to five year highs as US-China deal on trade gathers momentum \| The National](https://feedsoft.ai/events/61313-yuan-rallies-to-five-year-highs-as-us-china-deal-on-trade-gathers-momentum-the.md) | -0.2% | +0.0% |
| USDCNY | 2017-07-21 | [As Donald Trump faces headwinds, China's yuan climbs against the dollar](https://feedsoft.ai/events/70192-as-donald-trump-faces-headwinds-china-s-yuan-climbs-against-the-dollar.md) | -0.2% | -1.2% |
| USDCNY | 2022-06-29 | [China's yuan firms as Beijing eases quarantine rules \| Financial Post](https://feedsoft.ai/events/41167-china-s-yuan-firms-as-beijing-eases-quarantine-rules-financial-post.md) | 0.0% | +0.7% |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |
| USDCNY | 2019-11-06 | [China sets yuan midpoint at three-month high \| Financial Post](https://feedsoft.ai/events/56292-china-sets-yuan-midpoint-at-three-month-high-financial-post.md) | +0.2% | +0.5% |
| DXY | 2016-11-10 | [Donald Trump's win in US presidential election sends China yuan to six-year low against dollar](https://feedsoft.ai/events/7740-donald-trump-s-win-in-us-presidential-election-sends-china-yuan-to-six-year-low.md) | +1.9% | +2.3% |
| DXY | 2017-01-11 | [Why the Chinese yuan’s next move may hinge on Trump’s press conference](https://feedsoft.ai/events/10767-why-the-chinese-yuan-s-next-move-may-hinge-on-trump-s-press-conference.md) | -0.7% | -1.9% |
| DXY | 2016-06-27 | [Update \| Chinese yuan slides to 5-year low, pound slumps further in Brexit aftershock \| South China Morning Post](https://feedsoft.ai/events/12457-update-chinese-yuan-slides-to-5-year-low-pound-slumps-further-in-brexit.md) | -0.4% | +0.9% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/markets/china-s-yuan-firms-up-further-post-trump-comments-1.698843

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