# Peru can’t catch a break as China yuan, trade spat sours fishmeal market - Undercurrent News

> Undercurrent News reports that Peruvian fishmeal market conditions are being pressured by the Chinese yuan and the US-China trade dispute. The article's text is mostly page furniture, with few details on prices or volumes.

- Date: 2019-09-24 · published 2019-09-24T12:00:00.000Z
- Category: macro · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/56968-peru-can-t-catch-a-break-as-china-yuan-trade-spat-sours-fishmeal-market
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan and trade friction can reduce Chinese demand for fishmeal, which is bearish for fishmeal prices. The effect depends on how much China's buying weakens.

## Read by commodity

- USDCNY: bullish ▲
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2016-06-27 | [How China’s yuan could be the currency whipping boy of Brexit - MarketWatch](https://feedsoft.ai/events/12455-how-china-s-yuan-could-be-the-currency-whipping-boy-of-brexit-marketwatch.md) | +0.6% | +1.0% |
| USDCNY | 2016-11-30 | [Robust dollar, tumbling yuan underline need for US-China currency deal \| South China Morning Post](https://feedsoft.ai/events/74061-robust-dollar-tumbling-yuan-underline-need-for-us-china-currency-deal-south.md) | -0.2% | +0.9% |
| USDCNY | 2025-05-27 | [China's yuan slips as PBOC appears to reinforce currency stability via guidance fix — TradingView News](https://feedsoft.ai/events/24888-china-s-yuan-slips-as-pboc-appears-to-reinforce-currency-stability-via-guidance.md) | +0.2% | -0.1% |
| USDCNY | 2018-09-28 | [US-China trade war may push yuan 10 percent lower: Economist Andy Xie](https://feedsoft.ai/events/63265-us-china-trade-war-may-push-yuan-10-percent-lower-economist-andy-xie.md) | -0.3% | +0.8% |
| USDCNY | 2020-01-30 | [What the coronavirus outbreak means for the Chinese yuan - MarketWatch](https://feedsoft.ai/events/55308-what-the-coronavirus-outbreak-means-for-the-chinese-yuan-marketwatch.md) | +0.8% | +1.3% |

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2019/09/24/peru-cant-catch-a-break-as-china-yuan-trade-spat-sours-fishmeal-market/

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