# Chinese Currency Rises Against US Dollar For Five Straight Days

> The yuan strengthened against the dollar for a fifth straight day, with the central parity rate rising 111 pips to 6.9403, its strongest rally since January 23. Gains followed signs of virus containment and Xi's Wuhan visit.

- Date: 2020-03-11 · published 2020-03-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/10774-chinese-currency-rises-against-us-dollar-for-five-straight-days
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan reflects improving Chinese sentiment and slightly eases import costs for China, a major buyer of feed commodities, but the move is currency-driven with limited direct effect on grain prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.1% | -0.3% |
| USDCNY | 2020-02-04 | [China signals support for yuan with currency fix stronger than 7 per US dollar \| The Straits Times](https://feedsoft.ai/events/5134-china-signals-support-for-yuan-with-currency-fix-stronger-than-7-per-us-dollar.md) | -0.6% | -0.9% |
| USDCNY | 2017-08-10 | [China’s yuan strengthens to 10-month high against US dollar](https://feedsoft.ai/events/69675-china-s-yuan-strengthens-to-10-month-high-against-us-dollar.md) | +0.3% | -2.8% |
| USDCNY | 2017-07-31 | [Emerging Asian currencies edge up as dollar sinks; yuan heads for third straight monthly gain](https://feedsoft.ai/events/70202-emerging-asian-currencies-edge-up-as-dollar-sinks-yuan-heads-for-third-straight.md) | -0.1% | -1.3% |
| USDCNY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.8% | +2.0% |

## Sources

- btimesonline.com: https://www.btimesonline.com/articles/128194/20200311/china-yuan-chinese-currency-yuan-cny-usd-greenback-forex.htm

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