# CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg

> The onshore yuan strengthened to 6.7550 per dollar, its highest since February 2023, after the dollar weakened. The People's Bank of China set the daily fixing at 6.7892.

- Date: 2026-07-30 · published 2026-07-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/18568-cny-usd-yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed
- 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 lowers the cost of yuan-denominated Chinese import purchases and tracks softer dollar strength, a modest supportive backdrop for dollar-priced feed commodities.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-12-08 | [China's Yuan Highest Since 2018 as Easing Covid Worry Fuels Risk-On - Bloomberg](https://feedsoft.ai/events/11294-china-s-yuan-highest-since-2018-as-easing-covid-worry-fuels-risk-on-bloomberg.md) | +0.0% | +0.3% |
| USDCNY | 2024-09-25 | [CNY USD: Yuan Rallies Past 7 Per Dollar After China Stimulus Measures - Bloomberg](https://feedsoft.ai/events/28551-cny-usd-yuan-rallies-past-7-per-dollar-after-china-stimulus-measures-bloomberg.md) | -0.2% | +1.3% |
| 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% |
| USDCNY | 2024-06-21 | [USD/CNY: PBOC Gives Strongest Boost to Yuan Since April to Manage Decline - Bloomberg](https://feedsoft.ai/events/30005-usd-cny-pboc-gives-strongest-boost-to-yuan-since-april-to-manage-decline.md) | +0.1% | +0.1% |
| USDCNY | 2025-12-30 | [USDCNY: Yuan Climbs Past 7 Per Dollar Onshore for First Time Since 2023](https://feedsoft.ai/events/21738-usdcny-yuan-climbs-past-7-per-dollar-onshore-for-first-time-since-2023.md) | -0.3% | -0.8% |
| DXY | 2021-12-08 | [China's Yuan Highest Since 2018 as Easing Covid Worry Fuels Risk-On - Bloomberg](https://feedsoft.ai/events/11294-china-s-yuan-highest-since-2018-as-easing-covid-worry-fuels-risk-on-bloomberg.md) | +0.3% | -0.4% |
| DXY | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | -0.8% | +1.5% |
| DXY | 2023-05-03 | [USD/MXN: Mexican Peso Jumps to Strongest Since 2017 After Fed Decision - Bloomberg](https://feedsoft.ai/events/36166-usd-mxn-mexican-peso-jumps-to-strongest-since-2017-after-fed-decision-bloomberg.md) | -0.7% | +1.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-07-30/yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed

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