◂ Event Timeline

Mar 3, 2019MACROChina

Yuan Gains Amid Positive Trade News, National People’s Congress Kicks off Tuesday

The yuan strengthened on news of a possible US-China trade deal, with USD/CNY falling 0.25% to 6.6882. NatWest Markets expects the yuan to weaken to 6.8 per dollar by year-end as growth slows.

WHY IT MATTERS

A firmer yuan on trade hopes supports Chinese import demand for US farm goods, while the expected weakening later in the year would work against that.

AFFECTSChinese Yuan (CNY per USD)◆

SOURCE
finance.yahoo.comInvesting.comMar 3, 2019

Price reaction & history

Chinese Yuan (CNY per USD)◆neutralSO FAR1d -0.0%5d +0.2%20d +0.1%

After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.

Apr 19, 2021Global Reflation Trade Gains New Momentum From China’s Yuan - Bloomberg-0.4%
Jan 31, 2023China's yuan steadies ahead of Fed decision | Kitco News+0.6%
Nov 9, 2021China's yuan eases as traders await inflation data; HK dollar nears 7.8 | Financial Post+0.0%
Apr 12, 2018Analysis | Why devaluing the yuan is a no-no for China amid US trade war fears | South China Morning Post+0.1%
Sep 29, 2022'Do not bet': China's central bank PBOC warns against yuan speculation-1.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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