# U.S.-China trade optimism to help yuan overcome concerns over weakening economy: Reuters poll

> A Reuters poll found the yuan is expected to hold its recent gains against the dollar and edge higher over the coming year. Optimism about a US-China trade deal is offsetting worries about slowing Chinese growth. Wells Fargo expects the end of Fed tightening to weaken the dollar.

- Date: 2019-04-04 · published 2019-04-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/59803-u-s-china-trade-optimism-to-help-yuan-overcome-concerns-over-weakening-economy
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan can support Chinese import demand for commodities priced in dollars. The poll points to a stable currency backdrop rather than a shock to feed markets.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-01-03 | [Yuan strengthens to a 4-month high on optimism over prospects of China’s post-Covid economic recovery \| South China Morning Post](https://feedsoft.ai/events/12763-yuan-strengthens-to-a-4-month-high-on-optimism-over-prospects-of-china-s-post.md) | -1.8% | -2.1% |
| USDCNY | 2021-10-19 | [China's yuan jumps to 4-month high as property concerns ebb \| Reuters](https://feedsoft.ai/events/7481-china-s-yuan-jumps-to-4-month-high-as-property-concerns-ebb-reuters.md) | -0.7% | -0.6% |
| USDCNY | 2019-08-28 | [China economy: How PBOC controls the yuan (RMB) amid trade war](https://feedsoft.ai/events/57794-china-economy-how-pboc-controls-the-yuan-rmb-amid-trade-war.md) | -0.2% | -0.4% |
| USDCNY | 2019-08-27 | [China economy: PBOC could be trying to shore up the yuan (RMB)](https://feedsoft.ai/events/57792-china-economy-pboc-could-be-trying-to-shore-up-the-yuan-rmb.md) | +0.4% | -0.5% |
| USDCNY | 2022-06-21 | [China’s yuan firm; signs of economic recovery, policy support help - Markets - Business Recorder](https://feedsoft.ai/events/41168-china-s-yuan-firm-signs-of-economic-recovery-policy-support-help-markets.md) | -0.4% | +0.4% |

## Sources

- reuters.com: https://www.reuters.com/article/us-forex-poll-yuan-idUSKCN1RG085/

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