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The offshore yuan (CNH) traded flat near 7.0284 per dollar despite a dovish Federal Reserve that held rates at 1.5-1.75% and signaled a pause in 2020 cuts. Fears that the US will proceed with planned 15% tariffs on $160 billion of Chinese goods kept investors from buying the yuan.
Tariff fears are limiting yuan strength even as the dollar weakens, which keeps Chinese import demand for US farm goods under pressure. The effect on feed prices is modest without a confirmed tariff decision.
octaafrica.netDec 12, 2019After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Dated on the move day, it links yuan direction to the dovish Fed and the US tariff deadline on Chinese goods, both sentiment drivers of USD/CNH; yet it describes a flat yuan, not a sharp -0.65% fall in CNY per USD (yuan strengthening), so the fit is partial.
