# How the US election could impact China's markets | Reuters

> Analysts expect the yuan to slide to 7.3 per dollar or weaker if Donald Trump wins the US presidency, especially with a Republican Congress. A Harris win could instead prompt a yuan rebound toward 7 per dollar, with the currency already under pressure before the vote.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/28073-how-the-us-election-could-impact-china-s-markets-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker yuan makes Chinese purchases of US feed grains and meal more expensive in dollar terms and can dampen Chinese import demand, a bearish factor for US soybeans and corn.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-10-21 | [China’s yuan steady after LPR cuts, eyes on US election - Markets - Business Recorder](https://feedsoft.ai/events/28080-china-s-yuan-steady-after-lpr-cuts-eyes-on-us-election-markets-business-recorder.md) | +0.3% | +1.9% |
| USDCNY | 2024-10-31 | [China’s yuan eases ahead of US election, shrugs off strong PMI - Markets - Business Recorder](https://feedsoft.ai/events/28077-china-s-yuan-eases-ahead-of-us-election-shrugs-off-strong-pmi-markets-business.md) | +0.8% | +1.7% |
| USDCNY | 2016-06-27 | [How China’s yuan could be the currency whipping boy of Brexit - MarketWatch](https://feedsoft.ai/events/12455-how-china-s-yuan-could-be-the-currency-whipping-boy-of-brexit-marketwatch.md) | +0.6% | +1.0% |
| USDCNY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | +0.5% | +3.2% |
| USDCNY | 2022-06-02 | [China’s yuan eases as investors expect higher cash injection in June - Markets - Business Recorder](https://feedsoft.ai/events/41174-china-s-yuan-eases-as-investors-expect-higher-cash-injection-in-june-markets.md) | -0.0% | +0.2% |
| SOY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | -3.4% | -6.6% |
| SOY | 2016-08-29 | [Fed impact on markets still in play](https://feedsoft.ai/events/10616-fed-impact-on-markets-still-in-play.md) | -2.2% | -4.6% |
| SOY | 2021-06-22 | [Why a hawkish US Fed is reverberating around markets \| The National](https://feedsoft.ai/events/46489-why-a-hawkish-us-fed-is-reverberating-around-markets-the-national.md) | -4.1% | +2.0% |

## Sources

- reuters.com: https://www.reuters.com/world/china/whats-stake-chinas-markets-us-election-2024-10-29/

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