# WATCH: Renminbi rises 0.5% against the US dollar, causing optimism amongst global investors

> The renminbi rose as much as 0.5% against the dollar, its first gain since August, passing 6.9 per dollar. The move followed easing US-China tensions ahead of a planned trade pact signing in Washington.

- Date: 2020-01-21 · published 2020-01-21T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/7878-watch-renminbi-rises-0-5-against-the-us-dollar-causing-optimism-amongst-global
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A stronger yuan on trade-deal optimism supports Chinese purchasing power for imported feed ingredients, while the planned tariff reduction could expand US agricultural export flows to China.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2020-01-21 | 1 | +0.7% | 4.1 | Yuan rose as much as 0.5% past 6.9 per dollar on easing US-China trade tensions, a sentiment-driven currency move that matches the date and direction, though the summary's timing (planned signing in Washington) is somewhat inconsistent with the deal already being signed. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-05-06 | ['Asian crisis in reverse' as currencies soar on the dollar](https://feedsoft.ai/events/9618-asian-crisis-in-reverse-as-currencies-soar-on-the-dollar.md) | -0.9% | -1.1% |
| USDCNY | 2018-11-01 | [Renminbi rises by most in two months after Trump tweet on China - FT中文网](https://feedsoft.ai/events/62268-renminbi-rises-by-most-in-two-months-after-trump-tweet-on-china-ft.md) | -0.8% | -0.3% |
| USDCNY | 2019-05-08 | [USD/CNY slips its anchor, global FX follows \| articles \| ING THINK](https://feedsoft.ai/events/10427-usd-cny-slips-its-anchor-global-fx-follows-articles-ing-think.md) | +1.4% | +2.0% |
| USDCNY | 2018-12-03 | [US-China trade war truce dings dollar; Aussie, yuan advance](https://feedsoft.ai/events/6921-us-china-trade-war-truce-dings-dollar-aussie-yuan-advance.md) | -0.7% | -1.2% |
| USDCNY | 2019-05-14 | [Australian dollar, China’s yuan rise after Trump’s bullishness on trade \| Amwal Al Ghad](https://feedsoft.ai/events/8445-australian-dollar-china-s-yuan-rise-after-trump-s-bullishness-on-trade-amwal-al.md) | +0.5% | +0.5% |
| SOY | 2019-11-08 | [Euro hits lowest in three weeks as dollar gains from trade optimism](https://feedsoft.ai/events/56283-euro-hits-lowest-in-three-weeks-as-dollar-gains-from-trade-optimism.md) | -2.7% | -3.8% |
| SOY | 2019-08-13 | [US dollar soars against the Japanese yen on easing trade tensions](https://feedsoft.ai/events/57815-us-dollar-soars-against-the-japanese-yen-on-easing-trade-tensions.md) | -0.9% | -0.3% |
| SOY | 2018-11-02 | [Yen falls, Australian dollar gains as US-China trade angst eases - The HinduBusinessLine](https://feedsoft.ai/events/62287-yen-falls-australian-dollar-gains-as-us-china-trade-angst-eases-the.md) | -0.2% | +3.0% |

## Sources

- businessreport.co.za: https://businessreport.co.za/belt-and-road/2020-01-21-watch-renminbi-rises-0-5-against-the-us-dollar-causing-optimism-amongst-global-investors/

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