# China’s yuan edges up on stronger fixing, vulnerable dollar | Business News - The Indian Express

> China's yuan firmed against the US dollar on Tuesday after the central bank set its midpoint fixing at the strongest level in more than two years. The dollar pared some losses after US senators agreed to lift a three-day government shutdown but stayed near a three-year low against a basket of currencies. The PBOC had recalibrated its daily fixing formula to neutralize a counter-cyclical factor.

- Date: 2018-01-23 · published 2018-01-23T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11862-china-s-yuan-edges-up-on-stronger-fixing-vulnerable-dollar-business-news-the
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger yuan lowers the local-currency cost of dollar-priced imports such as soybeans, which can support Chinese buying. A weaker dollar also tends to firm dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2018-01-25 | 1 | -0.7% | -3.1 | The strongest fixing in over two years and the PBOC's removal of the counter-cyclical factor began the run of yuan strength that carried into the 25 Jan move, though it predates the day itself. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-07-30 | [China's yuan firms on stronger fixing, set for the 3rd winning month - The Business Times](https://feedsoft.ai/events/70191-china-s-yuan-firms-on-stronger-fixing-set-for-the-3rd-winning-month-the.md) | -0.1% | -1.3% |
| USDCNY | 2023-04-27 | [China’s yuan edges up on dollar weakness, Q1 industrial profit data - Markets - Business Recorder](https://feedsoft.ai/events/36606-china-s-yuan-edges-up-on-dollar-weakness-q1-industrial-profit-data-markets.md) | -0.1% | +1.9% |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |
| USDCNY | 2026-08-20 | [China's yuan gets stronger after dollar slumps overnight - Markets - Business Recorder](https://feedsoft.ai/events/18097-china-s-yuan-gets-stronger-after-dollar-slumps-overnight-markets-business.md) | -0.1% | -0.3% |
| USDCNY | 2024-03-28 | [China sets yuan at much stronger fixing than markets expected](https://feedsoft.ai/events/31439-china-sets-yuan-at-much-stronger-fixing-than-markets-expected.md) | +0.1% | +0.3% |
| DXY | 2023-04-27 | [China’s yuan edges up on dollar weakness, Q1 industrial profit data - Markets - Business Recorder](https://feedsoft.ai/events/36606-china-s-yuan-edges-up-on-dollar-weakness-q1-industrial-profit-data-markets.md) | -0.2% | +1.0% |
| DXY | 2017-12-28 | [China's yuan rises on US dollar weakness, on track for best year since 2008 - Times of News](https://feedsoft.ai/events/67709-china-s-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008.md) | -1.2% | -3.8% |
| DXY | 2017-01-05 | [China's Offshore Yuan is Bossing the US Dollar Around Today](https://feedsoft.ai/events/10253-china-s-offshore-yuan-is-bossing-the-us-dollar-around-today.md) | +0.1% | -2.7% |

## Sources

- preprod.indianexpress.com: https://preprod.indianexpress.com/article/business/world-market/chinas-yuan-edges-up-on-stronger-fixing-vulnerable-dollar-5035533/

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