# Yuan hits 3-week high, swings wildly on trade headlines | Financial Post

> The offshore yuan fell early on reports of no progress at deputy-level trade talks, then jumped after Bloomberg said a currency pact could be part of a deal suspending tariff hikes. The yuan hit a three-week high amid conflicting headlines, with the PBOC midpoint set at 7.0730.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/56822-yuan-hits-3-week-high-swings-wildly-on-trade-headlines-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Swings in yuan sentiment reflect the market's uncertainty over whether a trade deal will be reached, which affects expectations for Chinese farm purchases. The volatility is a sentiment driver rather than a supply change.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-10-21 | [China lifts yuan midpoint to 27-month high \| Financial Post](https://feedsoft.ai/events/50851-china-lifts-yuan-midpoint-to-27-month-high-financial-post.md) | +0.4% | -1.7% |
| USDCNY | 2026-07-31 | [PBOC Seeks to Temper Yuan Rally With Stable Daily Fix \| Financial Post](https://feedsoft.ai/events/18571-pboc-seeks-to-temper-yuan-rally-with-stable-daily-fix-financial-post.md) | -0.1% | -0.5% |
| USDCNY | 2021-11-09 | [China's yuan eases as traders await inflation data; HK dollar nears 7.8 \| Financial Post](https://feedsoft.ai/events/44271-china-s-yuan-eases-as-traders-await-inflation-data-hk-dollar-nears-7-8.md) | +0.0% | -0.7% |
| USDCNY | 2017-10-10 | [Chinese firms rush to hedge as yuan swings begin to sting \| South China Morning Post](https://feedsoft.ai/events/6416-chinese-firms-rush-to-hedge-as-yuan-swings-begin-to-sting-south-china-morning.md) | -1.0% | -0.3% |
| 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% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/yuan-hits-3-week-high-swings-wildly-on-trade-headlines

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