◂ Event Timeline

Apr 17, 2018MACROChina

China currency moves hang in the balance in U.S. trade spat

Reuters reports that China's currency moves are in the balance amid the U.S. trade dispute. The article text is truncated and mostly unrelated content about an automaker stake appears.

WHY IT MATTERS

Yuan direction affects the cost of US farm exports to China and Chinese import demand for feed ingredients, so currency moves can shift soybean and meal prices.

AFFECTSChinese Yuan (CNY per USD)◆

SOURCE
reuters.comApr 17, 2018

Price reaction & history

Chinese Yuan (CNY per USD)◆neutralSO FAR1d +0.1%5d +0.6%20d +1.0%

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.

Oct 4, 2017China’s currency balancing act | ANZ-1.0%
Dec 27, 2023How China Manages Its Currency—and Why That Matters+0.1%
Nov 14, 2018US-China trade war: Tariffs spur record dollar-yuan currency trading-0.1%
Oct 30, 2018Major Chinese banks seen swapping yuan for dollars in forwards: traders | Reuters-0.5%
Apr 10, 2017Opinion | Why PBOC’s halt in currency intervention may be temporary | South China Morning Post-0.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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