# Yuan ends domestic session at 1-1/2 week high despite China-US tensions - Business & Finance - Business Recorder

> The onshore spot yuan ended June 1 at 7.1340 per dollar, its strongest close since May 21, despite renewed US-China tensions. Gains were trimmed after a Bloomberg report that state firms were told to pause some US farm purchases.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52832-yuan-ends-domestic-session-at-1-1-2-week-high-despite-china-us-tensions
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The report of paused Chinese state purchases of US farm goods is bearish for US soybean and grain export demand, though the currency reaction was limited.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-06-02 | [Yuan ends near 2-week high, PBOC's plan to buy bank loans nudges forwards up - Business & Finance - Business Recorder](https://feedsoft.ai/events/52829-yuan-ends-near-2-week-high-pboc-s-plan-to-buy-bank-loans-nudges-forwards-up.md) | +2.9% | +3.1% |
| SOY | 2025-09-24 | [Soybeans ease to nearly 6-week low on harvest pressure, lack of China demand - Markets - Business Recorder](https://feedsoft.ai/events/22900-soybeans-ease-to-nearly-6-week-low-on-harvest-pressure-lack-of-china-demand.md) | -1.0% | +1.9% |
| SOY | 2024-11-07 | [China’s yuan falls to near 3-month low on weaker fixing, tariff worries - Markets - Business Recorder](https://feedsoft.ai/events/6858-china-s-yuan-falls-to-near-3-month-low-on-weaker-fixing-tariff-worries-markets.md) | +1.0% | -0.1% |
| SOY | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | -0.8% | -3.7% |
| SOY | 2020-05-28 | [Soybean Retreats From Two-Week High on US-China Trade Concerns](https://feedsoft.ai/events/53165-soybean-retreats-from-two-week-high-on-us-china-trade-concerns.md) | +1.1% | +2.6% |
| USDCNY | 2020-06-02 | [Yuan ends near 2-week high, PBOC's plan to buy bank loans nudges forwards up - Business & Finance - Business Recorder](https://feedsoft.ai/events/52829-yuan-ends-near-2-week-high-pboc-s-plan-to-buy-bank-loans-nudges-forwards-up.md) | -0.8% | -0.7% |
| USDCNY | 2021-10-26 | [China's yuan inches higher after Sino-US talks - Markets - Business Recorder](https://feedsoft.ai/events/44775-china-s-yuan-inches-higher-after-sino-us-talks-markets-business-recorder.md) | +0.2% | +0.1% |
| USDCNY | 2020-06-19 | [Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder](https://feedsoft.ai/events/52828-yuan-firms-on-report-china-will-speed-up-us-farm-purchases-markets-business.md) | -0.1% | -1.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/1000346

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