China's yuan slips as worsening Sino-US relations outweigh upbeat Q1 data

After 40 past bullish trade events, Chinese Yuan (CNY per USD) moved a median +0.6% over 5 sessions (75% higher; middle half +0.0% to +1.4%), and +1.1% over 20.

• Nov 23, 2020Yuan eases as fresh Sino-U.S. barbs weigh on post-election rally | Financial Post+0.1%
• Aug 5, 2019China lets yuan break key 7 level for first time in decade as trade war worsens+1.8%
• Feb 1, 2017China’s soybean speculation+0.1%
• May 13, 2019Forex Market: Yuan weakest since December as China adds tariffs+1.4%
• Aug 22, 2018China’s global currency aspirations are falling fast-0.6%

After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Jun 1, 2020Yuan ends domestic session at 1-1/2 week high despite China-US tensions - Business & Finance - Business Recorder+3.2%
• Jul 14, 2025US soybean exports to China at risk amid lingering trade tensions: WTO official | World Ports Organization+2.4%
• Aug 13, 2025US losing out on China soybean sales as Brazil fills key supply period | Reuters+0.1%
• Aug 2, 2019MARKET WATCH: NYMEX oil prices tumble on US-China relations | Oil & Gas Journal+2.1%
• Oct 1, 2025Trump says China's Xi using soy as negotiation tactic ahead of talks | Reuters+2.0%