# China’s Yuan Climbs Past Key Levels as Trade Tensions Ease

> The yuan reached its highest level since July in offshore trading after breaking 6.9 per dollar for the first time in over five months. The move followed the Trump administration removing China from its currency manipulator designation ahead of a trade deal signing.

- Date: 2020-02-01 · published 2020-02-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/55309-china-s-yuan-climbs-past-key-levels-as-trade-tensions-ease
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger yuan makes Chinese purchases of US farm goods relatively cheaper, supporting the Phase One purchase outlook for soybeans, corn and meal.

## Read by commodity

- SOY: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-12-04 | [Chinese Yuan Spikes to 3-Month High As Trade Tensions Ease - Markets Insider](https://feedsoft.ai/events/6923-chinese-yuan-spikes-to-3-month-high-as-trade-tensions-ease-markets-insider.md) | +0.2% | -0.2% |
| USDCNY | 2025-09-25 | [China's yuan surges to 10-month high against dollar as US tensions ease - Nikkei Asia](https://feedsoft.ai/events/23112-china-s-yuan-surges-to-10-month-high-against-dollar-as-us-tensions-ease-nikkei.md) | -0.2% | -0.1% |
| USDCNY | 2022-12-05 | [Yuan jumps past 7 per dollar as China eases some COVID curbs](https://feedsoft.ai/events/38449-yuan-jumps-past-7-per-dollar-as-china-eases-some-covid-curbs.md) | -0.9% | -1.5% |
| USDCNY | 2017-07-21 | [As Donald Trump faces headwinds, China's yuan climbs against the dollar](https://feedsoft.ai/events/70192-as-donald-trump-faces-headwinds-china-s-yuan-climbs-against-the-dollar.md) | -0.2% | -1.2% |
| USDCNY | 2018-11-09 | [Timeline of China's recent measures to stabilise yuan near key level](https://feedsoft.ai/events/62263-timeline-of-china-s-recent-measures-to-stabilise-yuan-near-key-level.md) | +0.1% | -0.5% |
| SOY | 2025-06-30 | [Positive trade news and easing Middle East tensions soothe markets \| STANLIB](https://feedsoft.ai/events/24502-positive-trade-news-and-easing-middle-east-tensions-soothe-markets-stanlib.md) | +0.4% | -3.8% |
| SOY | 2025-10-27 | [China’s yuan jumps to one-month high on positive trade developments with US - Markets - Business Recorder](https://feedsoft.ai/events/22626-china-s-yuan-jumps-to-one-month-high-on-positive-trade-developments-with-us.md) | +5.6% | +8.0% |
| SOY | 2022-11-11 | [China yuan's long-term strengthening trend will not change - state media](https://feedsoft.ai/events/38905-china-yuan-s-long-term-strengthening-trend-will-not-change-state-media.md) | -0.9% | +3.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-13/offshore-yuan-strengthens-past-6-9-for-first-time-since-july

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