# Is a Chinese yuan appreciation on the way? - CGTN

> A chief strategist at Fullerton Markets argues that yuan appreciation may be coming, citing a narrowing onshore-offshore spread and a stronger offshore yuan over three days. Onshore USD/CNY has mostly stayed above 6.90 since the start of the fourth quarter.

- Date: 2018-11-16 · published 2018-11-16T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/62267-is-a-chinese-yuan-appreciation-on-the-way-cgtn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger yuan would make dollar-priced imports cheaper for Chinese buyers, a modestly supportive signal for US soybean and feed demand. This is an opinion piece rather than a new cause of price movement.

## Read by commodity

- SOY: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.1% | -0.3% |
| USDCNY | 2020-08-27 | [The inexorable rise of the Chinese yuan](https://feedsoft.ai/events/51841-the-inexorable-rise-of-the-chinese-yuan.md) | -0.7% | -0.8% |
| USDCNY | 2017-08-30 | [Yuan Appreciation: RMB strengthens when US index continues to fall - CGTN](https://feedsoft.ai/events/69676-yuan-appreciation-rmb-strengthens-when-us-index-continues-to-fall-cgtn.md) | -1.1% | +0.7% |
| USDCNY | 2021-10-26 | [Why Chinese yuan shrugs off the fears over Fed's taper plan this time - CGTN](https://feedsoft.ai/events/44777-why-chinese-yuan-shrugs-off-the-fears-over-fed-s-taper-plan-this-time-cgtn.md) | +0.2% | +0.1% |
| USDCNY | 2020-12-07 | [USD/CNY: Chinese exports surge, US sanctions to limit yuan appreaciation – TDS — Octa](https://feedsoft.ai/events/49867-usd-cny-chinese-exports-surge-us-sanctions-to-limit-yuan-appreaciation-tds-octa.md) | +0.2% | -1.0% |
| SOY | 2017-06-28 | [The situation in the US is improving because of the precipitation, in Ukraine however it does not rain](https://feedsoft.ai/events/70610-the-situation-in-the-us-is-improving-because-of-the-precipitation-in-ukraine.md) | +7.1% | +8.5% |
| SOY | 2021-02-21 | [Go Behind the Chinese Grain Market Rally of 2020/21 \| StoneX](https://feedsoft.ai/events/48628-go-behind-the-chinese-grain-market-rally-of-2020-21-stonex.md) | +2.0% | +2.8% |
| SOY | 2020-02-01 | [China’s Yuan Climbs Past Key Levels as Trade Tensions Ease](https://feedsoft.ai/events/55309-china-s-yuan-climbs-past-key-levels-as-trade-tensions-ease.md) | +1.1% | +2.1% |

## Sources

- news.cgtn.com: https://news.cgtn.com/news/3d3d514d324d6a4e30457a6333566d54/index.html

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