# China’s yuan volatility rising on interest rates, US presidential election: Goldman | South China Morning Post

> Goldman Sachs expects yuan volatility to rise near term due to Federal Reserve rate-cut uncertainty and the November US presidential election. The bank said recent yuan appreciation is mostly driven by external factors, including changing market pricing for faster Fed cuts.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/29023-china-s-yuan-volatility-rising-on-interest-rates-us-presidential-election
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Heightened currency volatility makes importers hedge and delay purchases, which can slow China's feed grain buying around the US election period.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-10-18 | [China has ‘halted intervention in yuan exchange rate market’ \| South China Morning Post](https://feedsoft.ai/events/68678-china-has-halted-intervention-in-yuan-exchange-rate-market-south-china-morning.md) | +0.2% | -0.0% |
| USDCNY | 2024-10-07 | [US election, jobs data to pressure China’s yuan as stimulus shores it up: analysts \| South China Morning Post](https://feedsoft.ai/events/11041-us-election-jobs-data-to-pressure-china-s-yuan-as-stimulus-shores-it-up.md) | +0.7% | +1.2% |
| USDCNY | 2019-01-22 | [Volatility expected for Chinese yuan, as experts diverge on 2019 outlooks \| South China Morning Post](https://feedsoft.ai/events/61315-volatility-expected-for-chinese-yuan-as-experts-diverge-on-2019-outlooks-south.md) | -0.5% | -0.3% |
| USDCNY | 2017-05-29 | [China’s mysterious new yuan formula ‘no big quick fix for market volatility’ \| South China Morning Post](https://feedsoft.ai/events/71234-china-s-mysterious-new-yuan-formula-no-big-quick-fix-for-market-volatility.md) | -0.7% | -0.2% |
| USDCNY | 2022-03-04 | [As China’s yuan gets stronger while Ukraine crisis drives up raw material prices, exporters shy away from US dollar \| South China Morning Post](https://feedsoft.ai/events/42484-as-china-s-yuan-gets-stronger-while-ukraine-crisis-drives-up-raw-material.md) | +0.0% | +0.3% |

## Sources

- scmp.com: https://www.scmp.com/economy/global-economy/article/3276585/chinas-yuan-volatility-rising-interest-rates-us-presidential-election-goldman

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