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The yuan slid from a three-week high against the dollar on April 2 after President Trump's prime-time speech gave no clear timeline for ending the Iran war and promised more strikes over the next two to three weeks. The onshore yuan eased to 6.8850 from a three-week high of 6.8708.
The dollar gained on safe-haven buying.
Stronger safe-haven demand for the dollar and uncertainty over the Middle East conflict pressure Asian currencies and raise energy costs for importers. The impact on feed commodity prices is indirect.
brecorder.comReutersApr 2, 2026After 14 past bullish geopolitics events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (36% higher; middle half -0.4% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
