# CNY at a glance: A surprise post-US election outperformer | ING THINK

> The yuan has weakened about 1.78% since the US election on November 8, but has held up better than most emerging market currencies against a dollar up 4.4% over the same period. Trump's initial policy announcements and early US-China talks are expected to drive the currency's direction.

- Date: 2025-01-20 · published 2025-01-20T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/9597-cny-at-a-glance-a-surprise-post-us-election-outperformer-ing-think
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Yuan resilience relative to peers supports Chinese import demand, but tariff expectations remain a downside risk for US agricultural export demand.

## Read by commodity

- DXY: bullish ▲
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-08-23 | [CNY at a glance: Is the worst of China’s depreciation pressure over? \| ING THINK](https://feedsoft.ai/events/29028-cny-at-a-glance-is-the-worst-of-china-s-depreciation-pressure-over-ing-think.md) | -0.7% | -1.3% |
| USDCNY | 2020-09-30 | [Pause in yuan's rise to persist through November 3 US election](https://feedsoft.ai/events/51320-pause-in-yuan-s-rise-to-persist-through-november-3-us-election.md) | -0.4% | -1.3% |
| USDCNY | 2025-04-29 | [Chinese yuan at a glance: There and back again \| articles \| ING THINK](https://feedsoft.ai/events/25350-chinese-yuan-at-a-glance-there-and-back-again-articles-ing-think.md) | -0.3% | -1.4% |
| USDCNY | 2024-08-30 | [China’s yuan volatility rising on interest rates, US presidential election: Goldman \| South China Morning Post](https://feedsoft.ai/events/29023-china-s-yuan-volatility-rising-on-interest-rates-us-presidential-election.md) | -0.1% | -1.2% |
| USDCNY | 2024-10-07 | [US election, jobs data to pressure China’s yuan as stimulus shores it up: analysts \| South China Morning Post](https://feedsoft.ai/events/11041-us-election-jobs-data-to-pressure-china-s-yuan-as-stimulus-shores-it-up.md) | +0.7% | +1.2% |
| DXY | 2020-09-30 | [Pause in yuan's rise to persist through November 3 US election](https://feedsoft.ai/events/51320-pause-in-yuan-s-rise-to-persist-through-november-3-us-election.md) | -1.1% | -1.5% |
| DXY | 2016-11-09 | [Dollar surges most since Brexit after Trump election surprise (VIDEO) \| Malay Mail](https://feedsoft.ai/events/8180-dollar-surges-most-since-brexit-after-trump-election-surprise-video-malay-mail.md) | +3.1% | +3.3% |
| DXY | 2024-11-01 | [US economic outperformance to keep dollar strong: Reuters poll](https://feedsoft.ai/events/27610-us-economic-outperformance-to-keep-dollar-strong-reuters-poll.md) | -0.0% | +1.9% |

## Sources

- think.ing.com: https://think.ing.com/articles/cny-at-a-glance-a-surprise-post-us-election-outperformer/

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