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US negotiators are reportedly pressing China not to devalue the yuan as a condition of any trade deal. Analysts told CNBC that Beijing already wants a stable or stronger currency, so the demand is unlikely to meet resistance.
A yuan-stability commitment would reduce the risk of a sharp currency move that could erode US export competitiveness, which supports a steadier outlook for US farm exports to China.
cnbc.comWeizhen TanFeb 22, 2019After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% over 20.
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.
