# China’s yuan to snap 8-week losing streak; Trump worries linger - Markets - Business Recorder

> China's yuan edged up against a soft dollar on Friday, on track for its first weekly gain in two months, partly reflecting Beijing's efforts to slow the currency's slide. The yuan is still headed for its biggest monthly loss in nearly 1.5 years as traders remain uneasy about Trump's policies. Trump said he would impose a 10% tariff on Chinese goods after taking office.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/27627-china-s-yuan-to-snap-8-week-losing-streak-trump-worries-linger-markets-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese purchases of US feed ingredients more expensive and can pressure China's import demand, while a firmer yuan modestly supports import buying. The currency moves are a secondary factor for grain and meal prices, with tariff risk the main driver.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-02-01 | [China’s yuan steadies ahead of Fed decision - Markets - Business Recorder](https://feedsoft.ai/events/37554-china-s-yuan-steadies-ahead-of-fed-decision-markets-business-recorder.md) | +0.5% | +1.7% |
| USDCNY | 2026-04-28 | [China's yuan steady as traders await Fed meet - Markets - Business Recorder](https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder.md) | +0.1% | -0.5% |
| USDCNY | 2023-09-22 | [China’s yuan bounces on state bank support, offshore tightness - Markets - Business Recorder](https://feedsoft.ai/events/34329-china-s-yuan-bounces-on-state-bank-support-offshore-tightness-markets-business.md) | -0.1% | +0.1% |
| USDCNY | 2024-01-22 | [China’s yuan holds steady on unchanged lending rates; offshore yuan liquidity tight - Markets - Business Recorder](https://feedsoft.ai/events/32359-china-s-yuan-holds-steady-on-unchanged-lending-rates-offshore-yuan-liquidity.md) | -0.2% | -0.0% |
| USDCNY | 2023-11-27 | [China’s yuan flat - Business & Finance - Business Recorder](https://feedsoft.ai/events/33390-china-s-yuan-flat-business-and-finance-business-recorder.md) | -0.1% | -0.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40335067

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