# Global Reflation Trade Gains New Momentum From China’s Yuan - Bloomberg

> Bloomberg reports that the yuan's real exchange rate is the most overvalued among 32 currencies. The analysis suggests China may export inflation as its goods become more expensive.

- Date: 2021-04-19 · published 2021-04-19T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/47815-global-reflation-trade-gains-new-momentum-from-china-s-yuan-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

An overvalued yuan raises the price of Chinese imports and could lift global inflation pressure, a modest supportive factor for commodity prices over time.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-03-26 | [China's efforts to make Yuan rate more transparent gain momentum – Bloomberg — Octa](https://feedsoft.ai/events/60337-china-s-efforts-to-make-yuan-rate-more-transparent-gain-momentum-bloomberg-octa.md) | +0.0% | +0.0% |
| USDCNY | 2024-03-27 | [Watch China's Confusing Signals on the Yuan - Bloomberg](https://feedsoft.ai/events/31442-watch-china-s-confusing-signals-on-the-yuan-bloomberg.md) | +0.2% | +0.4% |
| USDCNY | 2022-09-29 | ['Do not bet': China's central bank PBOC warns against yuan speculation](https://feedsoft.ai/events/39805-do-not-bet-china-s-central-bank-pboc-warns-against-yuan-speculation.md) | -1.2% | +0.3% |
| USDCNY | 2018-08-09 | [Vietnamese Dong Feels the Ripples of China's Yuan Rout - Bloomberg](https://feedsoft.ai/events/63814-vietnamese-dong-feels-the-ripples-of-china-s-yuan-rout-bloomberg.md) | +1.4% | -0.0% |
| USDCNY | 2021-11-09 | [China's yuan eases as traders await inflation data; HK dollar nears 7.8 \| Financial Post](https://feedsoft.ai/events/44271-china-s-yuan-eases-as-traders-await-inflation-data-hk-dollar-nears-7-8.md) | +0.0% | -0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-04-19/china-s-yuan-adds-renewed-momentum-to-global-reflation-trade

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