# Chinese yuan after Biden election win, Trump's trade war

> The Chinese yuan spiked after Joe Biden's projected election win, with the offshore currency rallying below 6.60 per dollar and reaching a 28-month peak. Analysts say the move reflects a mix of factors including geopolitics, a weaker dollar and China's economic recovery.

- Date: 2020-11-13 · published 2020-11-13T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/50360-chinese-yuan-after-biden-election-win-trump-s-trade-war
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency strength in China lowers the local cost of imported commodities, which can support Chinese buying of soybeans, corn and meal, though the effect on prices is indirect.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2016-11-10 | [Donald Trump's win in US presidential election sends China yuan to six-year low against dollar](https://feedsoft.ai/events/7740-donald-trump-s-win-in-us-presidential-election-sends-china-yuan-to-six-year-low.md) | +1.3% | +1.9% |
| USDCNY | 2024-10-21 | [China’s yuan steady after LPR cuts, eyes on US election - Markets - Business Recorder](https://feedsoft.ai/events/28080-china-s-yuan-steady-after-lpr-cuts-eyes-on-us-election-markets-business-recorder.md) | +0.3% | +1.9% |
| USDCNY | 2024-10-24 | [Bears circle China's yuan gearing for Trump win](https://feedsoft.ai/events/28076-bears-circle-china-s-yuan-gearing-for-trump-win.md) | -0.0% | +1.6% |
| USDCNY | 2016-10-13 | [Dollar stalls, yuan hits 6-year low on Chinese trade dip](https://feedsoft.ai/events/5888-dollar-stalls-yuan-hits-6-year-low-on-chinese-trade-dip.md) | +0.3% | +0.9% |
| USDCNY | 2024-12-11 | [EXCLUSIVE: Chinese authorities are considering a weaker yuan as Trump trade risks loom \| Reuters](https://feedsoft.ai/events/27164-exclusive-chinese-authorities-are-considering-a-weaker-yuan-as-trump-trade.md) | +0.5% | +1.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/11/13/chinese-yuan-after-biden-election-win-trumps-trade-war.html

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