# China’s yuan hits lowest level in months as Trump tariff threats roil currencies | South China Morning Post

> The yuan hit its lowest level in months against the dollar after Donald Trump's re-election stoked fears of trade disputes. The offshore yuan fell below 7.3 per dollar and the PBOC set its fixing at a 15-month low.

- Date: 2024-12-03 · published 2024-12-03T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/27171-china-s-yuan-hits-lowest-level-in-months-as-trump-tariff-threats-roil
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Yuan weakness on tariff fears raises import costs for Chinese feed buyers and signals risk to US soybean and feed demand from China.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-10-31 | [China to sell new yuan bills in Hong Kong – a new tool to control the currency now at a 10-year low \| South China Morning Post](https://feedsoft.ai/events/62764-china-to-sell-new-yuan-bills-in-hong-kong-a-new-tool-to-control-the-currency.md) | -0.7% | -0.4% |
| USDCNY | 2024-11-12 | [China’s yuan weakens to 3-1/2-month low as Trump tariff threat weighs - Markets - Business Recorder](https://feedsoft.ai/events/6701-china-s-yuan-weakens-to-3-1-2-month-low-as-trump-tariff-threat-weighs-markets.md) | +0.8% | +1.0% |
| USDCNY | 2016-11-14 | [Chinese yuan tumbles to a seven-year low as dollar surges \| South China Morning Post](https://feedsoft.ai/events/7742-chinese-yuan-tumbles-to-a-seven-year-low-as-dollar-surges-south-china-morning.md) | +1.3% | +1.6% |
| USDCNY | 2025-01-20 | [A weakening yuan tests Beijing's resolve as Trump tariff threats loom](https://feedsoft.ai/events/9595-a-weakening-yuan-tests-beijing-s-resolve-as-trump-tariff-threats-loom.md) | -1.0% | -0.6% |
| USDCNY | 2024-07-24 | [Chinese yuan hits eight-month low as commodities currencies continue slide](https://feedsoft.ai/events/7522-chinese-yuan-hits-eight-month-low-as-commodities-currencies-continue-slide.md) | -0.3% | -2.0% |
| SOY | 2024-11-12 | [China’s yuan weakens to 3-1/2-month low as Trump tariff threat weighs - Markets - Business Recorder](https://feedsoft.ai/events/6701-china-s-yuan-weakens-to-3-1-2-month-low-as-trump-tariff-threat-weighs-markets.md) | -0.2% | -1.7% |
| SOY | 2025-01-20 | [A weakening yuan tests Beijing's resolve as Trump tariff threats loom](https://feedsoft.ai/events/9595-a-weakening-yuan-tests-beijing-s-resolve-as-trump-tariff-threats-loom.md) | +1.1% | +0.4% |
| SOY | 2024-11-28 | [Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast](https://feedsoft.ai/events/27630-chinese-yuan-to-hit-record-lows-as-u-s-tariff-threat-mounts-investment-banks.md) | +0.5% | -0.9% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3289122/chinas-yuan-hits-lowest-level-months-trump-tariff-threats-roil-currencies

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