# CNY: Entering a volatile year

> An ING analyst expects the yuan's direction in 2020 to depend mainly on progress in the US-China trade war. The yuan has weakened 2.4% against the dollar year to date and has traded in a wide range.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/56294-cny-entering-a-volatile-year
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency swings tied to trade talks shape the relative competitiveness of Chinese demand and the cost of US exports. The outlook is largely uncertain for feed-commodity pricing.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-12-31 | [CNY: More volatile and vulnerable - Commerzbank - Forex Crunch](https://feedsoft.ai/events/61791-cny-more-volatile-and-vulnerable-commerzbank-forex-crunch.md) | -0.4% | -2.4% |
| USDCNY | 2024-01-04 | [MNI Interview: Volatile Yuan Ahead As Uncertainty...- 01-04-2024 \| MNI](https://feedsoft.ai/events/11840-mni-interview-volatile-yuan-ahead-as-uncertainty-01-04-2024-mni.md) | +0.3% | +0.4% |
| USDCNY | 2024-08-30 | [China’s yuan volatility rising on interest rates, US presidential election: Goldman \| South China Morning Post](https://feedsoft.ai/events/29023-china-s-yuan-volatility-rising-on-interest-rates-us-presidential-election.md) | -0.1% | -1.2% |
| USDCNY | 2024-03-25 | [Yen steady after intervention warning, dollar dips](https://feedsoft.ai/events/31444-yen-steady-after-intervention-warning-dollar-dips.md) | -0.1% | +0.2% |
| USDCNY | 2017-05-29 | [China’s mysterious new yuan formula ‘no big quick fix for market volatility’ \| South China Morning Post](https://feedsoft.ai/events/71234-china-s-mysterious-new-yuan-formula-no-big-quick-fix-for-market-volatility.md) | -0.7% | -0.2% |

## Sources

- think.ing.com: https://think.ing.com/articles/cny-entering-a-volatile-year/

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