# In Global Currency Game, China Is Losing to U.S.

> The Chinese yuan has surged to around its strongest level against the US dollar since the August 2015 devaluation. The move was driven by an unexpectedly prolonged softening of the dollar.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11863-in-global-currency-game-china-is-losing-to-u-s
- 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 firmer yuan makes dollar-priced feed imports cheaper for China, which can support demand for US soybeans and meal. The softer dollar also tends to lift dollar-quoted grain prices.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-03-01 | [What can China do to slow down its rising currency?](https://feedsoft.ai/events/9162-what-can-china-do-to-slow-down-its-rising-currency.md) | +0.6% | +0.8% |
| USDCNY | 2016-12-30 | [Yuan Strengthens after China Announces Plans to Expand Currency Basket - Caixin Global](https://feedsoft.ai/events/73679-yuan-strengthens-after-china-announces-plans-to-expand-currency-basket-caixin.md) | -0.5% | -1.1% |
| USDCNY | 2022-01-21 | [Encouraging GDP Data, Strong Exports Sustain Chinese Currency’s Bull Run  - Caixin Global](https://feedsoft.ai/events/43358-encouraging-gdp-data-strong-exports-sustain-chinese-currency-s-bull-run-caixin.md) | +0.4% | -0.0% |
| USDCNY | 2020-09-29 | [China is attracting global investors' attention, boosting the yuan](https://feedsoft.ai/events/51322-china-is-attracting-global-investors-attention-boosting-the-yuan.md) | -0.3% | -1.6% |
| USDCNY | 2024-08-23 | [After battle with yuan bears, China is now keen to avoid sharp currency gains](https://feedsoft.ai/events/29022-after-battle-with-yuan-bears-china-is-now-keen-to-avoid-sharp-currency-gains.md) | -0.7% | -1.3% |
| DXY | 2020-07-29 | [Is the US dollar losing its clout as the world's reserve currency?](https://feedsoft.ai/events/52391-is-the-us-dollar-losing-its-clout-as-the-world-s-reserve-currency.md) | +0.4% | -0.4% |
| DXY | 2021-06-22 | [Global Currency Outlook - Summer 2021](https://feedsoft.ai/events/46838-global-currency-outlook-summer-2021.md) | -0.7% | +0.8% |
| DXY | 2021-05-25 | [Floundering dollar falls to bottom of global currency heap](https://feedsoft.ai/events/47282-floundering-dollar-falls-to-bottom-of-global-currency-heap.md) | -0.4% | +1.8% |

## Sources

- wsj.com: https://www.wsj.com/articles/china-battles-to-rein-in-a-surging-yuan-1516963493?mod=e2twe

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