# Yuan Up On Optimism Over Pending Xi-Trump Meeting | Forex News

> The yuan rose against major currencies after May data showed stronger retail sales and new home prices, with USD/CNY falling about 0.35% to 6.89. Industrial output and fixed asset investment were softer than expected.

- Date: 2019-06-19 · published 2019-06-19T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/9815-yuan-up-on-optimism-over-pending-xi-trump-meeting-forex-news
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan on domestic consumption data signals steadier Chinese import capacity, but the move is routine currency commentary with limited direct impact on feed commodity prices.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2019-06-20 | 1 | -0.7% | -3.5 | Yuan strengthened (USD/CNY down to about 6.89) on optimism about a Xi-Trump meeting and better retail sales and home price data, directly matching the fall in CNY per USD. |

## Sources

- tradersasset.com: https://www.tradersasset.com/news/forex/yuan-up-on-optimism-over-pending-xi-trump-meeting

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