# Renminbi rises by most in two months after Trump tweet on China - FT中文网

> The renminbi rallied by the most in over two months after President Trump said trade discussions with China were moving along nicely. The onshore yuan rose 0.8 percent to 6.9188 per dollar, its strongest level in over a week.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/62268-renminbi-rises-by-most-in-two-months-after-trump-tweet-on-china-ft
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Easing trade tensions support Chinese demand for US farm products, which is bullish for US feed commodities. The currency rally also lowers the dollar cost of Chinese imports.

## Read by commodity

- SOY: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-05-14 | [Australian dollar, China’s yuan rise after Trump’s bullishness on trade \| Amwal Al Ghad](https://feedsoft.ai/events/8445-australian-dollar-china-s-yuan-rise-after-trump-s-bullishness-on-trade-amwal-al.md) | +0.5% | +0.5% |
| USDCNY | 2025-10-30 | [China's yuan retreats from one-year high after Trump-Xi meeting — TradingView News](https://feedsoft.ai/events/22622-china-s-yuan-retreats-from-one-year-high-after-trump-xi-meeting-tradingview-news.md) | +0.4% | -0.3% |
| USDCNY | 2021-10-26 | [China's yuan inches higher after Sino-US talks - Markets - Business Recorder](https://feedsoft.ai/events/44775-china-s-yuan-inches-higher-after-sino-us-talks-markets-business-recorder.md) | +0.2% | +0.1% |
| USDCNY | 2020-01-21 | [WATCH: Renminbi rises 0.5% against the US dollar, causing optimism amongst global investors](https://feedsoft.ai/events/7878-watch-renminbi-rises-0-5-against-the-us-dollar-causing-optimism-amongst-global.md) | +0.8% | +2.0% |
| USDCNY | 2018-11-02 | [Yuan in biggest weekly gain since January as Trump asks cabinet to draft possible China trade deal \| South China Morning Post](https://feedsoft.ai/events/62269-yuan-in-biggest-weekly-gain-since-january-as-trump-asks-cabinet-to-draft.md) | +0.2% | -0.6% |
| SOY | 2025-11-06 | [China begins limited purchases of U.S. farm goods after Trump-Xi meet \| Reuters](https://feedsoft.ai/events/8212-china-begins-limited-purchases-of-u-s-farm-goods-after-trump-xi-meet-reuters.md) | +0.1% | -0.0% |
| SOY | 2023-11-07 | [EXCLUSIVE: China makes largest US soy purchases in months -traders \| Reuters](https://feedsoft.ai/events/14795-exclusive-china-makes-largest-us-soy-purchases-in-months-traders-reuters.md) | +2.1% | -2.6% |
| SOY | 2026-05-16 | [China signals tariff cuts, advances in farm market access after Trump-Xi summit - CNA](https://feedsoft.ai/events/14577-china-signals-tariff-cuts-advances-in-farm-market-access-after-trump-xi-summit.md) | +1.7% | -4.9% |

## Sources

- cn.ft.com: https://cn.ft.com/story/001080061/en

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