# People's Bank of China seen supporting yuan around Trump visit

> Strategists expected the People's Bank of China to support the yuan around President Trump's November 8-10 visit to Beijing. The currency has risen more than 5 percent against the dollar in 2017 after falling about 6.5 percent in 2016.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/68225-people-s-bank-of-china-seen-supporting-yuan-around-trump-visit
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan around the summit would make dollar-priced US farm imports slightly more expensive for China, though the effect on feed prices is marginal. The trade imbalance and purchase deals were expected to be central to the talks.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-03-27 | [China’s Central Bank Sends Yuan Surging](https://feedsoft.ai/events/66212-china-s-central-bank-sends-yuan-surging.md) | +0.2% | +0.8% |
| USDCNY | 2017-01-05 | [China's Offshore Yuan is Bossing the US Dollar Around Today](https://feedsoft.ai/events/10253-china-s-offshore-yuan-is-bossing-the-us-dollar-around-today.md) | +0.1% | -1.0% |
| USDCNY | 2023-12-06 | [China state banks selling dollars for second day to support yuan - sources](https://feedsoft.ai/events/32921-china-state-banks-selling-dollars-for-second-day-to-support-yuan-sources.md) | +0.4% | +0.2% |
| USDCNY | 2017-01-04 | [China steps in to support yuan again as Trump inauguration nears](https://feedsoft.ai/events/10249-china-steps-in-to-support-yuan-again-as-trump-inauguration-nears.md) | -0.6% | -1.2% |
| USDCNY | 2025-01-10 | [China's central bank halts bond buying as yuan struggles](https://feedsoft.ai/events/26717-china-s-central-bank-halts-bond-buying-as-yuan-struggles.md) | -0.0% | -0.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/11/02/peoples-bank-of-china-seen-supporting-yuan-around-trump-visit.html

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