# US-China economic talks put spotlight on yuan exchange rate as currency continues to surge | South China Morning Post

> The yuan hit a three-year high against the dollar and a five-year high against a trade-weighted basket in early June. Analysts expect the strength to draw scrutiny from the Biden administration as US-China trade talks resume, including questions about China's compliance with its phase one commitments on the exchange rate.

- Date: 2021-06-03 · published 2021-06-03T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/46818-us-china-economic-talks-put-spotlight-on-yuan-exchange-rate-as-currency
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Renewed US-China trade talks could influence future Chinese purchases of US farm goods, but this article focuses on currency and has no immediate price effect on feed commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-04-01 | [Regulator warns Chinese not to ‘gamble’ on yuan exchange rate \| South China Morning Post](https://feedsoft.ai/events/65714-regulator-warns-chinese-not-to-gamble-on-yuan-exchange-rate-south-china-morning.md) | +0.5% | +1.0% |
| 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 | 2024-08-05 | [As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom \| South China Morning Post](https://feedsoft.ai/events/7430-as-stock-sell-off-sweeps-asia-china-s-yuan-surges-as-us-rate-cuts-loom-south.md) | +0.1% | -1.0% |
| USDCNY | 2021-06-03 | [China’s yuan slips against US dollar after Beijing taps financial tools to cool exchange rate \| South China Morning Post](https://feedsoft.ai/events/46816-china-s-yuan-slips-against-us-dollar-after-beijing-taps-financial-tools-to-cool.md) | +0.1% | +1.2% |
| USDCNY | 2023-07-21 | [China’s yuan: will economic recovery lift currency out of the jungle after Fed effect fades? \| South China Morning Post](https://feedsoft.ai/events/35261-china-s-yuan-will-economic-recovery-lift-currency-out-of-the-jungle-after-fed.md) | -0.0% | +1.6% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3135796/us-china-economic-talks-put-spotlight-yuan-exchange-rate

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