# FxWirePro: What else is appending impetus to USD/CNY appreciation than PBoC mechanism? Is it rate differentials and/or Trump factor? | EconoTimes

> An FxWirePro commentary says the yuan has depreciated steadily since August 2015, at an annualized pace of about 7.3 percent. It attributes the trend to the PBoC's controlled approach and to expectations of US tax cuts and infrastructure spending under Trump. Those expectations have strengthened the dollar and complicated the PBoC's management of the currency.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/74065-fxwirepro-what-else-is-appending-impetus-to-usd-cny-appreciation-than-pboc
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations that the yuan will keep weakening against the dollar pressure Chinese import buying power for dollar-priced feed ingredients. The dollar strength behind the trend is also a headwind for US commodity prices.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-08-10 | [USD/CNY to recapture the 6.50 level as yuan changes its appreciation trend – ING — Octa](https://feedsoft.ai/events/45787-usd-cny-to-recapture-the-6-50-level-as-yuan-changes-its-appreciation-trend-ing.md) | -0.2% | -0.3% |
| USDCNY | 2026-06-29 | [PBoC sets USD/CNY fix above forecasts, hinting at managed yuan depreciation as growth concerns linger - VT Markets](https://feedsoft.ai/events/19038-pboc-sets-usd-cny-fix-above-forecasts-hinting-at-managed-yuan-depreciation-as.md) | -0.0% | -0.5% |
| USDCNY | 2026-08-24 | [PBoC sets USD/CNY fixing above Reuters estimate, prompting yuan volatility and derivatives positioning - VT Markets](https://feedsoft.ai/events/18096-pboc-sets-usd-cny-fixing-above-reuters-estimate-prompting-yuan-volatility-and.md) | +0.1% | -0.4% |
| USDCNY | 2017-02-26 | [China's yuan falls, but fears of US trade war may cap depreciation - The Business Times](https://feedsoft.ai/events/72719-china-s-yuan-falls-but-fears-of-us-trade-war-may-cap-depreciation-the-business.md) | +0.5% | +0.2% |
| USDCNY | 2018-07-30 | [Renminbi/Chinese Yuan Depreciates as a Result of Economic Weakness and Loosening Policies - ActionForex](https://feedsoft.ai/events/64272-renminbi-chinese-yuan-depreciates-as-a-result-of-economic-weakness-and.md) | +0.3% | -0.1% |

## Sources

- econotimes.com: https://econotimes.com/FxWirePro-What-else-is-appending-impetus-to-USD-CNY-appreciation-than-PBoC-mechanism-Is-it-rate-differentials-and-or-Trump-factor-423682

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