# U.S. designates China as currency manipulator for first time in decades

> The US Treasury designated China a currency manipulator for the first time in decades, after the yuan weakened past 7 per dollar. Beijing had said it would stop buying US agricultural products in response.

- Date: 2019-08-05 · published 2019-08-05T12:00:00.000Z
- Category: policy · region China · magnitude high
- Page: https://feedsoft.ai/events/57796-u-s-designates-china-as-currency-manipulator-for-first-time-in-decades
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The manipulator label escalates the trade dispute and raises the risk of further Chinese retaliation against US farm exports, which is bearish for US soybean and grain prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-05-04 | [China moves to cut corn, soy in feed rations - Manitoba Co-operator](https://feedsoft.ai/events/47096-china-moves-to-cut-corn-soy-in-feed-rations-manitoba-co-operator.md) | +3.8% | -0.8% |
| SOY | 2023-04-14 | [Food security drives China to cut soymeal use in animal feed \| Reuters](https://feedsoft.ai/events/14849-food-security-drives-china-to-cut-soymeal-use-in-animal-feed-reuters.md) | -0.2% | -3.8% |
| SOY | 2025-05-06 | [China cuts need for feed seed as food security campaign ramps up \| South China Morning Post](https://feedsoft.ai/events/24651-china-cuts-need-for-feed-seed-as-food-security-campaign-ramps-up-south-china.md) | +2.7% | +0.3% |
| SOY | 2023-10-19 | [Appetite for soya hinders China’s self-sufficiency drive](https://feedsoft.ai/events/14808-appetite-for-soya-hinders-china-s-self-sufficiency-drive.md) | -1.7% | +5.6% |
| SOY | 2020-03-11 | [U.S. farmers still dependent on trade aid after China deal](https://feedsoft.ai/events/54116-u-s-farmers-still-dependent-on-trade-aid-after-china-deal.md) | -5.6% | -2.1% |
| CORN | 2019-03-16 | [U.S. ethanol market sees first sales decline in decades](https://feedsoft.ai/events/60070-u-s-ethanol-market-sees-first-sales-decline-in-decades.md) | +2.6% | -3.5% |
| CORN | 2021-05-04 | [China moves to cut corn, soy in feed rations - Manitoba Co-operator](https://feedsoft.ai/events/47096-china-moves-to-cut-corn-soy-in-feed-rations-manitoba-co-operator.md) | +1.5% | -5.8% |
| CORN | 2020-01-07 | [China won't hike grain import quotas for U.S. trade deal: Caixin](https://feedsoft.ai/events/54941-china-won-t-hike-grain-import-quotas-for-u-s-trade-deal-caixin.md) | +0.9% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/business/us-designates-china-as-currency-manipulator-for-first-time-in-decades-idUSKCN1UV2BJ/

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