# Yuan may rise more on weaker dollar: analysts - World - Chinadaily.com.cn

> Chinese analysts said the yuan may rise further this year on a weaker US dollar and solid Chinese economic fundamentals. The yuan had reached a two-year high the previous week, and the PBOC had changed how it sets the daily reference rate.

- Date: 2018-01-22 · published 2018-01-22T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11867-yuan-may-rise-more-on-weaker-dollar-analysts-world-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a firmer yuan support Chinese purchasing power for dollar-priced feed imports. The forecast depends on continued dollar weakness.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-04-29 | [GDP, inflows may buoy yuan - Chinadaily.com.cn](https://feedsoft.ai/events/59804-gdp-inflows-may-buoy-yuan-chinadaily-com-cn.md) | +0.1% | +2.5% |
| USDCNY | 2017-12-26 | [China's yuan strengthens to more than 3-month high - Chinadaily.com.cn](https://feedsoft.ai/events/67711-china-s-yuan-strengthens-to-more-than-3-month-high-chinadaily-com-cn.md) | -1.3% | -3.2% |
| USDCNY | 2019-02-01 | [RMB gains as greenback weakens - Chinadaily.com.cn](https://feedsoft.ai/events/60810-rmb-gains-as-greenback-weakens-chinadaily-com-cn.md) | +0.7% | +0.1% |
| USDCNY | 2021-01-21 | [Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder](https://feedsoft.ai/events/49362-yuan-rises-to-1-week-high-on-weaker-dollar-tighter-cash-conditions-markets.md) | +0.1% | +0.1% |
| USDCNY | 2022-10-26 | [CNY/USD: Offshore Yuan Rises Most on Record as China Banks Sell Dollars - Bloomberg](https://feedsoft.ai/events/39355-cny-usd-offshore-yuan-rises-most-on-record-as-china-banks-sell-dollars-bloomberg.md) | +0.1% | -1.5% |
| DXY | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | -0.3% | -1.3% |
| DXY | 2017-08-18 | [Quick Hits: Weaker Dollar May Make Fed Rate Rises More Aggressive Over Time - WSJ](https://feedsoft.ai/events/69638-quick-hits-weaker-dollar-may-make-fed-rate-rises-more-aggressive-over-time-wsj.md) | -0.4% | -1.7% |
| DXY | 2019-10-31 | [Euro rises as dollar weakens on questions about more Fed rate cuts](https://feedsoft.ai/events/56782-euro-rises-as-dollar-weakens-on-questions-about-more-fed-rate-cuts.md) | -0.1% | +0.8% |

## Sources

- chinadaily.com.cn: http://www.chinadaily.com.cn/a/201801/22/WS5a65ab0ca3106e7dcc135ce3.html

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