# Yuan Reaches New Heights Ahead Of Key US Election And Chinese Meetings - Finimize

> The yuan hit two-week highs onshore and three-week highs offshore ahead of the US election and China's legislative meetings. Implied volatility for offshore yuan reached levels not seen since 2015.

- Date: 2024-11-04 · published 2024-11-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6699-yuan-reaches-new-heights-ahead-of-key-us-election-and-chinese-meetings-finimize
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency volatility ahead of possible Trump tariffs creates uncertainty for Chinese import pricing of US farm commodities.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-01-31 | [China's yuan steadies ahead of Fed decision \| Kitco News](https://feedsoft.ai/events/37985-china-and-apos-s-yuan-steadies-ahead-of-fed-decision-kitco-news.md) | +0.6% | +2.7% |
| USDCNY | 2023-02-01 | [China’s yuan steadies ahead of Fed decision - Markets - Business Recorder](https://feedsoft.ai/events/37554-china-s-yuan-steadies-ahead-of-fed-decision-markets-business-recorder.md) | +0.5% | +1.7% |
| USDCNY | 2026-04-29 | [China’s Yuan Holds Steady As Markets Wait On Fed Signals - Finimize](https://feedsoft.ai/events/19951-china-s-yuan-holds-steady-as-markets-wait-on-fed-signals-finimize.md) | -0.1% | -0.9% |
| USDCNY | 2026-04-30 | [China’s Yuan Slipped, Then Rebounded As Factory Data Held Up - Finimize](https://feedsoft.ai/events/19950-china-s-yuan-slipped-then-rebounded-as-factory-data-held-up-finimize.md) | -0.4% | -0.8% |
| USDCNY | 2024-11-04 | [Yuan bounces as traders brace for US election volatility - Markets - Business Recorder](https://feedsoft.ai/events/6695-yuan-bounces-as-traders-brace-for-us-election-volatility-markets-business.md) | +0.8% | +2.3% |

## Sources

- finimize.com: https://finimize.com/content/yuan-reaches-new-heights-ahead-of-key-us-election-and-chinese-meetings

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