# CNY: Guided by the US-China trade talks - Westpac - Forex Crunch

> Westpac analyst Frances Cheung says the next driver for the yuan is US-China trade headlines now that the FOMC meeting is over. Treasury Secretary Mnuchin said FX was part of trade discussions, but no explicit direction on USD/CNY is expected. Westpac expects USD/CNY to trade between 6.69 and 6.80 near term.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/61312-cny-guided-by-the-us-china-trade-talks-westpac-forex-crunch
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of a stable yuan range reduce currency-driven swings in Chinese feed import costs, leaving trade headlines as the main risk to demand.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-01-18 | [China: Deteriorating data could be problematic for CNY - TDS - Forex Crunch](https://feedsoft.ai/events/61316-china-deteriorating-data-could-be-problematic-for-cny-tds-forex-crunch.md) | -0.4% | -0.1% |
| USDCNY | 2018-10-07 | [Vietnam: The Winner from US-China Trade Turmoil - Prasenjit K. Basu](https://feedsoft.ai/events/62844-vietnam-the-winner-from-us-china-trade-turmoil-prasenjit-k-basu.md) | +0.7% | +0.8% |
| USDCNY | 2021-04-01 | [China: Revising our USD/CNY forecast](https://feedsoft.ai/events/47813-china-revising-our-usd-cny-forecast.md) | -0.2% | -1.1% |
| 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 | 2018-09-11 | [US-China trade war: Investors could soon favor yuan over dollar, former PBOC governor says](https://feedsoft.ai/events/63269-us-china-trade-war-investors-could-soon-favor-yuan-over-dollar-former-pboc.md) | -0.0% | +1.0% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/01/31/cny-guided-by-the-us-china-trade-talks-westpac/

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