# Goldman Sachs says to short Chinese yuan ahead of the G20 meeting next week

> Goldman Sachs recommends shorting the CNH and other Asian currencies ahead of the June 28-29 G20 meeting, expecting trade tensions to ebb and flow with additional tariffs more likely than not. The bank also favors the yen as Fed cuts are expected.

- Date: 2019-06-22 · published 2019-06-22T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/9814-goldman-sachs-says-to-short-chinese-yuan-ahead-of-the-g20-meeting-next-week
- 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 weaker yuan would make Chinese purchases of US farm goods relatively more expensive, a bearish factor for US soybean and corn export demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-02-28 | [China’s yuan falls to 2-week low after Trump proposes extra tariffs on Chinese exports](https://feedsoft.ai/events/26290-china-s-yuan-falls-to-2-week-low-after-trump-proposes-extra-tariffs-on-chinese.md) | -0.5% | -0.3% |
| USDCNY | 2022-11-07 | [Chinese Yuan Weakens Amid Contracting Exports, Imports on Struggling Demand](https://feedsoft.ai/events/6251-chinese-yuan-weakens-amid-contracting-exports-imports-on-struggling-demand.md) | -3.1% | -4.2% |
| USDCNY | 2024-11-07 | [China’s yuan falls to near 3-month low on weaker fixing, tariff worries - Markets - Business Recorder](https://feedsoft.ai/events/6858-china-s-yuan-falls-to-near-3-month-low-on-weaker-fixing-tariff-worries-markets.md) | +0.7% | +1.3% |
| USDCNY | 2018-06-19 | [Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate \| South China Morning Post](https://feedsoft.ai/events/8533-yuan-weakens-further-despite-efforts-by-people-s-bank-of-china-to-stabilise.md) | +1.5% | +4.1% |
| USDCNY | 2019-05-06 | [Chinese yuan tumbles as Donald Trump threatens trade tariffs](https://feedsoft.ai/events/10428-chinese-yuan-tumbles-as-donald-trump-threatens-trade-tariffs.md) | +1.3% | +2.5% |
| SOY | 2025-02-28 | [China’s yuan falls to 2-week low after Trump proposes extra tariffs on Chinese exports](https://feedsoft.ai/events/26290-china-s-yuan-falls-to-2-week-low-after-trump-proposes-extra-tariffs-on-chinese.md) | -0.9% | -0.6% |
| SOY | 2022-11-07 | [Chinese Yuan Weakens Amid Contracting Exports, Imports on Struggling Demand](https://feedsoft.ai/events/6251-chinese-yuan-weakens-amid-contracting-exports-imports-on-struggling-demand.md) | +0.3% | -0.9% |
| SOY | 2025-10-01 | [Trump says China's Xi using soy as negotiation tactic ahead of talks \| Reuters](https://feedsoft.ai/events/22454-trump-says-china-s-xi-using-soy-as-negotiation-tactic-ahead-of-talks-reuters.md) | +2.0% | +7.6% |

## Sources

- investinglive.com: https://investinglive.com/news/!/goldman-sachs-says-to-short-chinese-yuan-ahead-of-the-g20-meeting-next-week-20190622

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