# Chinese renminbi (CNY) set to stay firm amid trade talks | ECONOMETER

> The onshore CNY and offshore CNH have strengthened about 3.5% against the dollar since November, with the CNY trade-weighted index up about 1.8% over the same period. Analysts say Beijing may be allowing yuan strength to placate US officials ahead of trade talks. The currency is expected to stay firm during the talks that week.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/61311-chinese-renminbi-cny-set-to-stay-firm-amid-trade-talks-econometer
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firm yuan tied to trade diplomacy can support Chinese import demand for US farm goods, but the currency move itself has limited direct effect on feed prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-04-04 | [U.S.-China trade optimism to help yuan overcome concerns over weakening economy: Reuters poll](https://feedsoft.ai/events/59803-u-s-china-trade-optimism-to-help-yuan-overcome-concerns-over-weakening-economy.md) | +0.1% | +0.3% |
| USDCNY | 2025-09-03 | [China uses yuan as olive branch in US trade talks \| Reuters](https://feedsoft.ai/events/23113-china-uses-yuan-as-olive-branch-in-us-trade-talks-reuters.md) | -0.3% | -0.3% |
| USDCNY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.8% | +2.0% |
| USDCNY | 2025-08-06 | [It’s time for China to allow large renminbi appreciation - OMFIF](https://feedsoft.ai/events/10145-it-s-time-for-china-to-allow-large-renminbi-appreciation-omfif.md) | -0.1% | -0.6% |

## Sources

- econometer.org: https://econometer.org/2019/01/29/chinese-renminbi-cny-set-to-stay-firm-amid-trade-talks/

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