US-China trade war: Investors could soon favor yuan over dollar, former PBOC governor says

After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.

• Nov 14, 2018US-China trade war: Tariffs spur record dollar-yuan currency trading-0.1%
• Apr 12, 2018Analysis | Why devaluing the yuan is a no-no for China amid US trade war fears | South China Morning Post+0.1%
• Jun 1, 2026Yuan May Hit Five Per Dollar on Carry-Trade Exit, Macquarie Says-0.0%
• Oct 30, 2018Major Chinese banks seen swapping yuan for dollars in forwards: traders | Reuters-0.5%
• Oct 22, 2019Impact of US-China partial trade deal on Chinese yuan (RMB)-0.1%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Sep 3, 2018Trade war could force heavier hand from China on yuan+0.1%
• Jun 11, 2019For China's yuan, the path toward 7 per dollar is now wide open | The Straits Times+6.3%
• Mar 2, 2018Dollar tumbles as US tariff plan ignites trade war fears-0.4%
• Sep 28, 2018US-China trade war may push yuan 10 percent lower: Economist Andy Xie+0.5%
• Sep 27, 2019Its leash lengthened, China's yuan flirts with trade war role+2.6%