How the Chinese yuan moved against the US dollar around 9 political events since 2018 in or around China. A rise means the Chinese yuan strengthens. Week by week, it shows almost no link (+0.03) with Riftrate.
| Date | Event | Type | Next session | 5 sessions | 20 sessions | How unusual |
|---|---|---|---|---|---|---|
| 12 May 2025 | US and China agree to cut tariffs | Sanctions | +0.5% | +0.4% | +0.8% | bigger than 58% of 5-day moves |
| 9 April 2025 | US pauses most new tariffs | Sanctions | -0.2% | +0.3% | +1.7% | bigger than 51% of 5-day moves |
| 2 April 2025 | US “Liberation Day” tariffs | Sanctions | +0.0% | -0.9% | +0.0% | bigger than 86% of 5-day moves |
| 5 November 2024 | US presidential election 2024 | Election | -0.1% | -1.8% | -2.3% | bigger than 97% of 5-day moves |
| 2 August 2022 | Pelosi visits Taiwan, China drills | War | +0.3% | +0.3% | -2.0% | bigger than 45% of 5-day moves |
| 5 August 2019 | Yuan falls past 7 per dollar | Sanctions | -1.6% | -1.7% | -3.0% | bigger than 100% of 5-day moves |
| 5 May 2019 | Trump threatens higher tariffs on China | Sanctions | -0.4% | -1.3% | -2.4% | bigger than 96% of 5-day moves |
| 6 July 2018 | First US tariffs on China take effect | Sanctions | -0.1% | -0.4% | -3.0% | bigger than 67% of 5-day moves |
| 22 March 2018 | US announces tariffs on Chinese goods | Sanctions | -0.2% | +0.4% | +0.8% | bigger than 69% of 5-day moves |
Data: Board of Governors of the Federal Reserve System, series DEXCHUS, via FRED. Exchange rates are published with about a week’s delay. Not investment advice.