# 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.

- Date: 2019-03-03 · published 2019-03-03T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/60332-yuan-gains-amid-positive-trade-news-national-people-s-congress-kicks-off-tuesday
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## 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.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-04-19 | [Global Reflation Trade Gains New Momentum From China’s Yuan - Bloomberg](https://feedsoft.ai/events/47815-global-reflation-trade-gains-new-momentum-from-china-s-yuan-bloomberg.md) | -0.4% | -1.3% |
| USDCNY | 2023-01-31 | [China's yuan steadies ahead of Fed decision \| Kitco News](https://feedsoft.ai/events/37985-china-and-apos-s-yuan-steadies-ahead-of-fed-decision-kitco-news.md) | +0.6% | +2.7% |
| USDCNY | 2021-11-09 | [China's yuan eases as traders await inflation data; HK dollar nears 7.8 \| Financial Post](https://feedsoft.ai/events/44271-china-s-yuan-eases-as-traders-await-inflation-data-hk-dollar-nears-7-8.md) | +0.0% | -0.7% |
| USDCNY | 2018-04-12 | [Analysis  \| Why devaluing the yuan is a no-no for China amid US trade war fears \| South China Morning Post](https://feedsoft.ai/events/65713-analysis-why-devaluing-the-yuan-is-a-no-no-for-china-amid-us-trade-war-fears.md) | +0.1% | +1.5% |
| USDCNY | 2022-09-29 | ['Do not bet': China's central bank PBOC warns against yuan speculation](https://feedsoft.ai/events/39805-do-not-bet-china-s-central-bank-pboc-warns-against-yuan-speculation.md) | -1.2% | +0.3% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/yuan-gains-amid-positive-trade-233200807.html

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