# Yuan set to stay above 7 even if the US and China hammer out a trade deal - Nomura expert: Analytics and Market news from 22 October 2019 07:59

> Teletrade republishes the Nomura analysis that the yuan will stay above 7 per dollar in a narrow range of 7.0750 plus or minus 0.50% until November 16. Oakley said a move toward 7.00 is possible if a deal is signed in Chile.

- Date: 2019-10-22 · published 2019-10-22T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/56820-yuan-set-to-stay-above-7-even-if-the-us-and-china-hammer-out-a-trade-deal
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stable-to-firmer yuan around 7.00 would ease the cost of US commodities for Chinese buyers if phase one is signed. The outlook is mainly relevant to currency-linked import costs.

## 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 | 2018-04-12 | [Analysis  \| Why devaluing the yuan is a no-no for China amid US trade war fears \| South China Morning Post](https://feedsoft.ai/events/65713-analysis-why-devaluing-the-yuan-is-a-no-no-for-china-amid-us-trade-war-fears.md) | +0.1% | +1.5% |
| USDCNY | 2021-01-26 | [Chinese Yuan Outlook: Tightening Measures From China’s Central Bank Sends A Warning Shot To Risk Markets](https://feedsoft.ai/events/49363-chinese-yuan-outlook-tightening-measures-from-china-s-central-bank-sends-a.md) | -0.2% | -0.2% |
| USDCNY | 2019-10-22 | [Impact of US-China partial trade deal on Chinese yuan (RMB)](https://feedsoft.ai/events/56811-impact-of-us-china-partial-trade-deal-on-chinese-yuan-rmb.md) | -0.1% | -0.7% |
| USDCNY | 2017-08-17 | [Markets still bewildered after China central bank explains yuan 'X'-factor - The Business Times](https://feedsoft.ai/events/69677-markets-still-bewildered-after-china-central-bank-explains-yuan-x-factor-the.md) | -0.5% | -2.1% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3611788

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