FX as a Trade War Tool? Jun 26, 2019 FX as a Trade War Tool? By Blu Putnam, Chief Economist, CME Group Highlights Chinese yuan has been sensitive to developments in the trade war Hidden policy agenda behind fluctuations in yuan vs US dollar? Yuan rises to 6.7 per USD when US-China trade deal seems likely Yuan hits ceiling of 7 per USD as tensions rise, deal seems remote Watch Video Manage Trade War Outcomes in Global Markets with CME Group See how CME Group’s tools, economic research and education can help you track the effects of the trade war and better manage market outcomes. Learn More SEE MORE ANNOUNCEMENTS