# ANALYSTS' VIEW 4 -Yuan drops through 7/dollar as Sino-U.S. trade war escalates | Reuters

> The yuan slipped to 7.0240 per dollar, its weakest since 2008, as the US-China trade war escalated. The move triggered selling in regional stock markets and in several Asian currencies.

- Date: 2019-08-05 · published 2019-08-05T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/57798-analysts-view-4-yuan-drops-through-7-dollar-as-sino-u-s-trade-war-escalates
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharp yuan drop after new tariff escalation makes Chinese buyers favor non-US farm supplies, adding downside pressure to US soybean and grain prices.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-06-12 | [Far from 'devalued', euro surges as trade war hits yuan](https://feedsoft.ai/events/58808-far-from-devalued-euro-surges-as-trade-war-hits-yuan.md) | -0.2% | -0.6% |
| USDCNY | 2018-12-03 | [US-China trade war truce dings dollar; Aussie, yuan advance](https://feedsoft.ai/events/6921-us-china-trade-war-truce-dings-dollar-aussie-yuan-advance.md) | -0.7% | -1.2% |
| USDCNY | 2019-05-14 | [Australian dollar, China’s yuan rise after Trump’s bullishness on trade \| Amwal Al Ghad](https://feedsoft.ai/events/8445-australian-dollar-china-s-yuan-rise-after-trump-s-bullishness-on-trade-amwal-al.md) | +0.5% | +0.5% |
| USDCNY | 2019-11-21 | [Yen Up, Yuan Dips As Trade Drama Erodes Investment Appetite](https://feedsoft.ai/events/56314-yen-up-yuan-dips-as-trade-drama-erodes-investment-appetite.md) | -0.1% | -0.4% |
| USDCNY | 2025-05-06 | ['Asian crisis in reverse' as currencies soar on the dollar](https://feedsoft.ai/events/9618-asian-crisis-in-reverse-as-currencies-soar-on-the-dollar.md) | -0.9% | -1.1% |
| SOY | 2019-08-23 | [New Trade War Escalation Sends Shockwaves Through Oil Markets \| OilPrice.com](https://feedsoft.ai/events/57750-new-trade-war-escalation-sends-shockwaves-through-oil-markets-oilprice-com.md) | +0.0% | +3.1% |
| SOY | 2018-06-26 | [China drops tariffs on animal feed from Asian countries as U.S. dispute escalates](https://feedsoft.ai/events/64399-china-drops-tariffs-on-animal-feed-from-asian-countries-as-u-s-dispute-escalates.md) | -3.0% | -1.9% |
| SOY | 2019-05-09 | [Yuan bears re-emerge on fresh trade deal woes; short bets on Korean won soar: Reuters poll \| Reuters](https://feedsoft.ai/events/8440-yuan-bears-re-emerge-on-fresh-trade-deal-woes-short-bets-on-korean-won-soar.md) | +2.6% | +6.7% |

## Sources

- jp.reuters.com: https://jp.reuters.com/article/markets/analysts-view-4-yuan-drops-through-7dollar-as-sino-us-trade-war-escalates-idUSL4N25112Q/

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