# Yuan higher before the US said China is no longer a manipulator

> The yuan rose to its highest since August 1 ahead of a Wednesday signing of the phase one trade deal, after the US said China would no longer be labeled a currency manipulator. Analysts attributed the move partly to optimism about China's improving economy.

- Date: 2020-01-13 · published 2020-01-13T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/55311-yuan-higher-before-the-us-said-china-is-no-longer-a-manipulator
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency strength reflecting improved growth and trade optimism supports Chinese demand expectations for US farm commodities.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-09-25 | [China’s march to strong yuan is long and perilous](https://feedsoft.ai/events/28557-china-s-march-to-strong-yuan-is-long-and-perilous.md) | -0.2% | +1.3% |
| USDCNY | 2017-01-05 | [China's Offshore Yuan is Bossing the US Dollar Around Today](https://feedsoft.ai/events/10253-china-s-offshore-yuan-is-bossing-the-us-dollar-around-today.md) | +0.1% | -1.0% |
| USDCNY | 2020-01-14 | [Yuan rises as US lifts China’s currency manipulator label – Asian market latest \| CNN Business](https://feedsoft.ai/events/55310-yuan-rises-as-us-lifts-china-s-currency-manipulator-label-asian-market-latest.md) | +0.2% | +1.1% |
| USDCNY | 2017-05-24 | [The Chinese Yuan Jumps to a 2-Month High - Business Insider](https://feedsoft.ai/events/8838-the-chinese-yuan-jumps-to-a-2-month-high-business-insider.md) | -1.1% | -0.9% |
| USDCNY | 2020-10-01 | [China Allows for Stronger Yuan as Xi Turns Focus to Home](https://feedsoft.ai/events/51317-china-allows-for-stronger-yuan-as-xi-turns-focus-to-home.md) | 0.0% | -1.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/01/13/yuan-higher-before-the-us-said-china-is-no-longer-a-manipulator.html

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