# Impact of US-China partial trade deal on Chinese yuan (RMB)

> CNBC reports that Nomura expects the yuan to stay above 7 per dollar even with a partial US-China trade deal, trading in a narrow range until phase one is signed. Analysts said a move below 7 would require serious discussion of eliminating existing tariffs.

- Date: 2019-10-22 · published 2019-10-22T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/56811-impact-of-us-china-partial-trade-deal-on-chinese-yuan-rmb
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency expectations tied to the trade deal influence Chinese purchasing power and the timing of US farm export commitments. The outlook points to range-bound conditions rather than a decisive shift in demand.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-12-24 | [China to keep yuan currency from sliding below 7 to the US dollar as part of trade war deal, analysts said \| South China Morning Post](https://feedsoft.ai/events/61790-china-to-keep-yuan-currency-from-sliding-below-7-to-the-us-dollar-as-part-of.md) | -0.7% | -2.3% |
| USDCNY | 2018-11-14 | [US-China trade war: Tariffs spur record dollar-yuan currency trading](https://feedsoft.ai/events/62265-us-china-trade-war-tariffs-spur-record-dollar-yuan-currency-trading.md) | -0.1% | -1.1% |
| USDCNY | 2019-06-20 | [Chinese Yuan: Beware of Boundaries](https://feedsoft.ai/events/9809-chinese-yuan-beware-of-boundaries.md) | -0.3% | -0.3% |
| USDCNY | 2018-09-11 | [US-China trade war: Investors could soon favor yuan over dollar, former PBOC governor says](https://feedsoft.ai/events/63269-us-china-trade-war-investors-could-soon-favor-yuan-over-dollar-former-pboc.md) | -0.0% | +1.0% |
| USDCNY | 2024-03-26 | [Chinese Yuan Bounces Back Against US Dollar](https://feedsoft.ai/events/31443-chinese-yuan-bounces-back-against-us-dollar.md) | +0.3% | +0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/10/22/impact-of-us-china-partial-trade-deal-on-chinese-yuan-rmb.html

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