# China lets yuan sink, Trump says serious talks to start | AP News

> The Chinese central bank allowed the yuan to decline to 7.1468 per dollar, its weakest since January 2008. President Trump said serious talks with China would start soon.

- Date: 2019-08-26 · published 2019-08-26T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/57793-china-lets-yuan-sink-trump-says-serious-talks-to-start-ap-news
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker yuan cheapens Chinese imports of US farm goods and the prospect of talks may ease tariff pressure, so the net effect on US grain and soybean prices is mixed.

## Read by commodity

- SOY: neutral
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-01-04 | [China steps in to support yuan again as Trump inauguration nears](https://feedsoft.ai/events/10249-china-steps-in-to-support-yuan-again-as-trump-inauguration-nears.md) | -0.6% | -1.2% |
| USDCNY | 2022-08-31 | [China starts to draw the line on the latest yuan drop](https://feedsoft.ai/events/40258-china-starts-to-draw-the-line-on-the-latest-yuan-drop.md) | +0.8% | +4.2% |
| USDCNY | 2025-07-01 | [China yuan hits 8-month high as Trump's tax bill dents dollar — TradingView News](https://feedsoft.ai/events/23995-china-yuan-hits-8-month-high-as-trump-s-tax-bill-dents-dollar-tradingview-news.md) | +0.1% | +0.2% |
| USDCNY | 2024-09-25 | [China’s march to strong yuan is long and perilous](https://feedsoft.ai/events/28557-china-s-march-to-strong-yuan-is-long-and-perilous.md) | -0.2% | +1.3% |
| USDCNY | 2023-08-24 | [China central bank boosts offshore bill sales to stabilise yuan, says ex-official](https://feedsoft.ai/events/34802-china-central-bank-boosts-offshore-bill-sales-to-stabilise-yuan-says-ex-official.md) | +0.1% | +0.4% |
| SOY | 2026-03-12 | [Offshore Yuan Falls on Strong Dollar — TradingView News](https://feedsoft.ai/events/11678-offshore-yuan-falls-on-strong-dollar-tradingview-news.md) | -3.2% | -2.9% |
| SOY | 2018-02-08 | [China's Yuan Toppled From Two-Year High as Trade Data Surprises - Bloomberg](https://feedsoft.ai/events/7104-china-s-yuan-toppled-from-two-year-high-as-trade-data-surprises-bloomberg.md) | +3.5% | +7.2% |
| SOY | 2024-11-13 | [PBOC pulls China’s yuan off 3-month low with stronger-than-expected fix - Markets - Business Recorder](https://feedsoft.ai/events/6696-pboc-pulls-china-s-yuan-off-3-month-low-with-stronger-than-expected-fix-markets.md) | -0.5% | -0.8% |

## Sources

- apnews.com: https://apnews.com/article/688152d6b03148bfafe441aff17488d5

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