# Chinese Yuan Breaches 7 Versus US Dollar for Second Time This Year

> The yuan breached the 7 per dollar level for the second time this year, with the onshore currency closing at 6.9453. The central parity was fixed at 6.9755 after a 103-pip gain, driven by a weaker US dollar and seasonal FX settlement demand from exporters.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/21280-chinese-yuan-breaches-7-versus-us-dollar-for-second-time-this-year
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Exporter FX settlement and a weaker dollar are pushing the yuan higher, which lowers China's dollar-denominated import costs. This can modestly support Chinese demand for US ag products.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-07-08 | [Chinese yuan climbs to four-month high, breaking 7 per US dollar - Global Times](https://feedsoft.ai/events/9738-chinese-yuan-climbs-to-four-month-high-breaking-7-per-us-dollar-global-times.md) | -0.1% | -0.6% |
| USDCNY | 2026-02-26 | [Chinese Yuan Breaks Past 6.84 to US Dollar, Hitting Nearly Three-Year High](https://feedsoft.ai/events/9165-chinese-yuan-breaks-past-6-84-to-us-dollar-hitting-nearly-three-year-high.md) | +0.4% | +0.5% |
| USDCNY | 2019-11-05 | [China: Yuan surges past 7 per dollar for the first time since August](https://feedsoft.ai/events/56293-china-yuan-surges-past-7-per-dollar-for-the-first-time-since-august.md) | -0.3% | +0.3% |
| 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 | 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) | -1.0% | -3.6% |

## Sources

- yicaiglobal.com: https://www.yicaiglobal.com/news/chinese-yuan-breaches-7-versus-us-dollar-for-second-time-this-year

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