# Yen Up, Yuan Dips As Trade Drama Erodes Investment Appetite

> The yen rose after sources said a US-China trade deal was unlikely this year, while the yuan slid to a three-week low. Completion of a phase one agreement may slide into next year as Beijing and Washington remain far apart on tariff rollbacks.

- Date: 2019-11-21 · published 2019-11-21T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56314-yen-up-yuan-dips-as-trade-drama-erodes-investment-appetite
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A delayed US-China deal postpones expected Chinese purchases of US farm goods, weighing on soybean and corn demand expectations.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-29 | [Trade Dispute Hits China’s Yuan, Investors](https://feedsoft.ai/events/8536-trade-dispute-hits-china-s-yuan-investors.md) | +1.5% | +1.1% |
| SOY | 2025-03-04 | [Dollar Slides as Trade-War Risk Drives Investors to Other Havens](https://feedsoft.ai/events/9709-dollar-slides-as-trade-war-risk-drives-investors-to-other-havens.md) | +0.2% | +1.7% |
| SOY | 2019-08-05 | [ANALYSTS' VIEW 4 -Yuan drops through 7/dollar as Sino-U.S. trade war escalates \| Reuters](https://feedsoft.ai/events/57798-analysts-view-4-yuan-drops-through-7-dollar-as-sino-u-s-trade-war-escalates.md) | +2.8% | +0.8% |
| SOY | 2019-05-06 | [Chinese yuan tumbles as Donald Trump threatens trade tariffs](https://feedsoft.ai/events/10428-chinese-yuan-tumbles-as-donald-trump-threatens-trade-tariffs.md) | -3.9% | +6.0% |
| SOY | 2019-11-06 | [Panamax rates slide as trade war bites into US soybean exports to China](https://feedsoft.ai/events/56287-panamax-rates-slide-as-trade-war-bites-into-us-soybean-exports-to-china.md) | -1.7% | -4.7% |
| CORN | 2025-03-04 | [Dollar Slides as Trade-War Risk Drives Investors to Other Havens](https://feedsoft.ai/events/9709-dollar-slides-as-trade-war-risk-drives-investors-to-other-havens.md) | +3.2% | +4.7% |
| CORN | 2019-05-06 | [Chinese yuan tumbles as Donald Trump threatens trade tariffs](https://feedsoft.ai/events/10428-chinese-yuan-tumbles-as-donald-trump-threatens-trade-tariffs.md) | -3.2% | +10.5% |
| CORN | 2018-11-21 | [Harvesting in a trade war - U.S. crops rot as storage costs soar](https://feedsoft.ai/events/11727-harvesting-in-a-trade-war-u-s-crops-rot-as-storage-costs-soar.md) | -0.3% | +8.4% |

## Sources

- devel.btimesonline.com: https://devel.btimesonline.com/articles/122223/20191121/yuan-yen-phase-one-deal-us-china-trade-currencies-gold.htm

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