# China to keep yuan currency from sliding below 7 to the US dollar as part of trade war deal, analysts said | South China Morning Post

> Analysts expect China to keep the yuan stronger than 7 per US dollar, a condition they see as part of a trade deal with the United States ahead of a March 1 deadline. The People's Bank of China has intervened successfully to defend that level and has ample tools to continue doing so. The PBOC let the yuan slide about 12% between late March and October during the trade war.

- Date: 2018-12-24 · published 2018-12-24T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/61790-china-to-keep-yuan-currency-from-sliding-below-7-to-the-us-dollar-as-part-of
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan reduces Chinese import costs and signals that a trade deal is progressing, which supports Chinese buying of US farm goods. A breakdown in the deal would put pressure on the yuan and on US agricultural export demand.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-09 | [China says yuan no longer a one-way bet as currency slides against US dollar \| South China Morning Post](https://feedsoft.ai/events/66717-china-says-yuan-no-longer-a-one-way-bet-as-currency-slides-against-us-dollar.md) | +0.3% | +0.1% |
| 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 | 2026-08-27 | [China keeps yuan in check as PBOC resists sharp rise against weaker US dollar: analysts \| South China Morning Post](https://feedsoft.ai/events/18094-china-keeps-yuan-in-check-as-pboc-resists-sharp-rise-against-weaker-us-dollar.md) | -0.1% | -0.1% |
| USDCNY | 2018-11-14 | [US-China trade war: Tariffs spur record dollar-yuan currency trading](https://feedsoft.ai/events/62265-us-china-trade-war-tariffs-spur-record-dollar-yuan-currency-trading.md) | -0.1% | -1.1% |
| USDCNY | 2024-10-07 | [US election, jobs data to pressure China’s yuan as stimulus shores it up: analysts \| South China Morning Post](https://feedsoft.ai/events/11041-us-election-jobs-data-to-pressure-china-s-yuan-as-stimulus-shores-it-up.md) | +0.7% | +1.2% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/2179377/china-keep-yuan-currency-sliding-below-7-us-dollar-part-trade

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