# Yuan bears re-emerge on fresh trade deal woes; short bets on Korean won soar: Reuters poll | Reuters

> Trump threatened to raise import tariffs on Chinese goods from Friday, undermining optimism around US-China trade talks. A Reuters poll showed short positions on the Chinese yuan at their highest since mid-December, while short bets on the Korean won surged.

- Date: 2019-05-09 · published 2019-05-09T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/8440-yuan-bears-re-emerge-on-fresh-trade-deal-woes-short-bets-on-korean-won-soar
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Renewed trade tension raises the risk of Chinese retaliation and weaker Asian currencies, which can pressure Chinese import demand for soybeans and feed ingredients and weigh on US soy export prospects.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2019-05-09 | 1 | +0.6% | 3.4 | Trump's tariff threat for Friday and yuan short positions at their highest since mid-December show speculative demand to sell CNY, adding to depreciation pressure on 2019-05-09. |
| USDCNY | 2019-05-13 | 1 | +0.8% | 3.9 | Earlier in the week, Trump's tariff threat and record yuan short positioning left the market primed for sharp depreciation once escalation occurred, contributing to the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-11-01 | [Nikkei slips on trade deal worry, firmer yen; Keyence, Nintendo shine By Reuters](https://feedsoft.ai/events/56311-nikkei-slips-on-trade-deal-worry-firmer-yen-keyence-nintendo-shine-by-reuters.md) | +0.9% | -4.4% |
| SOY | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | -3.9% | +6.0% |
| SOY | 2021-12-23 | [China to fall short on promises to U.S. as trade deal ends](https://feedsoft.ai/events/14969-china-to-fall-short-on-promises-to-u-s-as-trade-deal-ends.md) | -0.1% | +6.4% |
| SOY | 2019-03-02 | [As trade war wears on, U.S. soybean farmers start to worry that China's demand won't return](https://feedsoft.ai/events/60197-as-trade-war-wears-on-u-s-soybean-farmers-start-to-worry-that-china-s-demand.md) | -1.7% | -1.7% |
| SOY | 2025-09-18 | [Trump trade war fallout hits Argentine soy crushers despite export boom \| Reuters](https://feedsoft.ai/events/13830-trump-trade-war-fallout-hits-argentine-soy-crushers-despite-export-boom-reuters.md) | -3.3% | -3.6% |
| USDCNY | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | +1.3% | +2.5% |
| USDCNY | 2020-11-23 | [Yuan eases as fresh Sino-U.S. barbs weigh on post-election rally \| Financial Post](https://feedsoft.ai/events/50359-yuan-eases-as-fresh-sino-u-s-barbs-weigh-on-post-election-rally-financial-post.md) | +0.1% | -0.3% |
| USDCNY | 2024-11-26 | [Morning Bid: Trump tariff threat jolts Canadian dollar, peso, yuan \| Reuters](https://feedsoft.ai/events/27607-morning-bid-trump-tariff-threat-jolts-canadian-dollar-peso-yuan-reuters.md) | +0.6% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/business/yuan-bears-re-emerge-on-fresh-trade-deal-woes-short-bets-on-korean-won-soar-re-idUSKCN1SF0IC/

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