# USD/CNY: Chinese exports surge, US sanctions to limit yuan appreaciation – TDS — Octa

> Chinese November 2020 exports rose 21.1% year on year, the fastest pace since February 2018, and the trade surplus hit a record $75.42 billion. Imports rose 4.5%, below consensus. TD Securities expects further yuan appreciation but says new US sanctions on Chinese officials could limit gains.

- Date: 2020-12-07 · published 2020-12-07T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/49867-usd-cny-chinese-exports-surge-us-sanctions-to-limit-yuan-appreaciation-tds-octa
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Strong import growth and a record surplus point to robust Chinese demand, while a firmer yuan makes dollar-priced commodity imports cheaper in local terms. Feed price impact is modest.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-11-16 | [Is a Chinese yuan appreciation on the way? - CGTN](https://feedsoft.ai/events/62267-is-a-chinese-yuan-appreciation-on-the-way-cgtn.md) | +0.1% | -0.6% |
| USDCNY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.1% | -0.3% |
| USDCNY | 2024-02-20 | [Korean Won, Chinese Yuan Set to Gain as US Interest Rates Expected to Drop](https://feedsoft.ai/events/31906-korean-won-chinese-yuan-set-to-gain-as-us-interest-rates-expected-to-drop.md) | +0.1% | +0.1% |
| USDCNY | 2025-08-06 | [It’s time for China to allow large renminbi appreciation - OMFIF](https://feedsoft.ai/events/10145-it-s-time-for-china-to-allow-large-renminbi-appreciation-omfif.md) | -0.1% | -0.6% |
| USDCNY | 2018-02-08 | [Chinese yuan strengthens to new high against USD - Chinadaily.com.cn](https://feedsoft.ai/events/7105-chinese-yuan-strengthens-to-new-high-against-usd-chinadaily-com-cn.md) | +1.3% | +1.2% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/867935/

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