Loading…
Goldman Sachs economists wrote in a note dated May 8 that trade-tariff events influence the yuan more than technology restrictions or issues tied to Hong Kong or Taiwan. The analysis frames tariffs as the key metric for tracking yuan moves in the US-China dispute.
If tariffs drive yuan moves, a new tariff round could weaken the yuan and affect dollar-priced purchases of US farm goods. Investors tracking tariff news can use it to anticipate currency and export-demand shifts.
bloomberg.comKari Soo LindbergMay 11, 2020After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
