# Bears circle China's yuan gearing for Trump win

> The yuan has been weak since early 2023 and has spent 17 months on the weaker side of 7 per dollar, falling roughly 2%. Traders are positioning for a Trump win that would pressure the currency further.

- Date: 2024-10-24 · published 2024-10-24T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/28076-bears-circle-china-s-yuan-gearing-for-trump-win
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A persistently weak yuan raises the cost of imported feed commodities for Chinese buyers, which can weigh on US export demand and prices.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-11-13 | [Chinese yuan after Biden election win, Trump's trade war](https://feedsoft.ai/events/50360-chinese-yuan-after-biden-election-win-trump-s-trade-war.md) | -0.4% | -1.0% |
| USDCNY | 2021-06-17 | [China’s PBOC Braces for Weaker Yuan as Fed Plans Tapering - Bloomberg](https://feedsoft.ai/events/7116-china-s-pboc-braces-for-weaker-yuan-as-fed-plans-tapering-bloomberg.md) | +1.2% | +1.0% |
| USDCNY | 2025-01-17 | [Markets are betting China will let yuan fall as Trump takes power, but not much \| Reuters](https://feedsoft.ai/events/26716-markets-are-betting-china-will-let-yuan-fall-as-trump-takes-power-but-not-much.md) | -1.2% | -1.1% |
| USDCNY | 2020-11-09 | [For investors, China's yuan is the big winner from Biden victory \| Financial Post](https://feedsoft.ai/events/50363-for-investors-china-s-yuan-is-the-big-winner-from-biden-victory-financial-post.md) | -0.4% | -1.0% |
| USDCNY | 2022-12-06 | [China's yuan slips, traders wary of reopening risks \| Reuters](https://feedsoft.ai/events/6574-china-s-yuan-slips-traders-wary-of-reopening-risks-reuters.md) | +0.2% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/bears-circle-chinas-yuan-gearing-trump-win-2024-10-24/

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