# Yuan eases as fresh Sino-U.S. barbs weigh on post-election rally | Financial Post

> The yuan edged lower against the dollar on Monday as fresh Sino-U.S. tensions, including a Trump administration plan to restrict 89 Chinese aerospace and other firms from buying U.S. goods and technology, weighed on the currency. The yuan had earlier reached a 29-month high after Joe Biden's election win.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/50359-yuan-eases-as-fresh-sino-u-s-barbs-weigh-on-post-election-rally-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese purchases of U.S. farm goods relatively more expensive, so renewed trade friction is a modest negative for U.S. feed-grain export demand and supportive of the dollar against feed-importing currencies.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-04-16 | [China's yuan slips as worsening Sino-US relations outweigh upbeat Q1 data](https://feedsoft.ai/events/25352-china-s-yuan-slips-as-worsening-sino-us-relations-outweigh-upbeat-q1-data.md) | -0.0% | -1.5% |
| USDCNY | 2019-05-09 | [Yuan bears re-emerge on fresh trade deal woes; short bets on Korean won soar: Reuters poll \| Reuters](https://feedsoft.ai/events/8440-yuan-bears-re-emerge-on-fresh-trade-deal-woes-short-bets-on-korean-won-soar.md) | +1.4% | +1.9% |
| USDCNY | 2025-02-28 | [China’s yuan falls to 2-week low after Trump proposes extra tariffs on Chinese exports](https://feedsoft.ai/events/26290-china-s-yuan-falls-to-2-week-low-after-trump-proposes-extra-tariffs-on-chinese.md) | -0.5% | -0.3% |
| USDCNY | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | +1.3% | +2.5% |
| USDCNY | 2018-06-19 | [Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate \| South China Morning Post](https://feedsoft.ai/events/8533-yuan-weakens-further-despite-efforts-by-people-s-bank-of-china-to-stabilise.md) | +1.5% | +4.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/yuan-eases-as-fresh-sino-u-s-barbs-weigh-on-post-election-rally

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