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

> Former PBOC governor Zhou Xiaochuan says an escalating trade war could push global investors to favor the yuan over the dollar. Trump had said he was ready to impose tariffs on another $267 billion of Chinese goods, and Beijing has vowed to retaliate.

- Date: 2018-09-11 · published 2018-09-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/63269-us-china-trade-war-investors-could-soon-favor-yuan-over-dollar-former-pboc
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar-yuan relationship and tariff escalation both threaten Chinese demand for US farm exports, pressuring soybean and feed prices.

## Read by commodity

- SOY: bearish ▼
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2026-06-01 | [Yuan May Hit Five Per Dollar on Carry-Trade Exit, Macquarie Says](https://feedsoft.ai/events/19482-yuan-may-hit-five-per-dollar-on-carry-trade-exit-macquarie-says.md) | -0.0% | +0.4% |
| USDCNY | 2018-10-30 | [Major Chinese banks seen swapping yuan for dollars in forwards: traders \| Reuters](https://feedsoft.ai/events/62767-major-chinese-banks-seen-swapping-yuan-for-dollars-in-forwards-traders-reuters.md) | -0.5% | -0.1% |
| USDCNY | 2019-10-22 | [Impact of US-China partial trade deal on Chinese yuan (RMB)](https://feedsoft.ai/events/56811-impact-of-us-china-partial-trade-deal-on-chinese-yuan-rmb.md) | -0.1% | -0.7% |
| SOY | 2018-09-03 | [Trade war could force heavier hand from China on yuan](https://feedsoft.ai/events/63264-trade-war-could-force-heavier-hand-from-china-on-yuan.md) | +0.1% | +3.0% |
| SOY | 2019-06-11 | [For China's yuan, the path toward 7 per dollar is now wide open \| The Straits Times](https://feedsoft.ai/events/58818-for-china-s-yuan-the-path-toward-7-per-dollar-is-now-wide-open-the-straits-times.md) | +6.3% | +2.8% |
| SOY | 2018-03-02 | [Dollar tumbles as US tariff plan ignites trade war fears](https://feedsoft.ai/events/66227-dollar-tumbles-as-us-tariff-plan-ignites-trade-war-fears.md) | -0.4% | -1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/09/11/us-china-trade-war-investors-could-soon-favor-yuan-over-dollar-former-pboc-governor-says.html

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