# China Pulls Back Support as Yuan Rebounds Against Dollar  - Caixin Global

> China's central bank is dialing back its efforts to support the yuan as expectations build for a stronger currency. The onshore yuan (CNY) and offshore yuan (CNH) have each risen about 1% against the dollar in May, and the CNY touched around 7.16 per dollar, its strongest since November. The gains follow new Chinese stimulus measures and a 90-day suspension of some US-China tariffs.

- Date: 2025-05-28 · published 2025-05-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/24886-china-pulls-back-support-as-yuan-rebounds-against-dollar-caixin-global
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan lowers the cost of dollar-priced imports for Chinese buyers, which can support Chinese demand for feed commodities. The effect on grain prices is modest, though.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-07-26 | [Yuan Snaps Losing Streak as Dollar Loses Ground - Caixin Global](https://feedsoft.ai/events/7519-yuan-snaps-losing-streak-as-dollar-loses-ground-caixin-global.md) | +0.2% | -1.2% |
| USDCNY | 2020-02-04 | [China Adds Market Support With More Cash, Strong Yuan Fix - Caixin Global](https://feedsoft.ai/events/5133-china-adds-market-support-with-more-cash-strong-yuan-fix-caixin-global.md) | -0.6% | -0.9% |
| USDCNY | 2020-09-04 | [Yuan Could Remain Strong Against Dollar Until Well Into 2021, Analysts Say - Caixin Global](https://feedsoft.ai/events/51319-yuan-could-remain-strong-against-dollar-until-well-into-2021-analysts-say.md) | -0.2% | -0.8% |
| USDCNY | 2017-01-05 | [China’s offshore yuan surges most against dollar in a year](https://feedsoft.ai/events/73180-china-s-offshore-yuan-surges-most-against-dollar-in-a-year.md) | +0.1% | -1.0% |
| USDCNY | 2023-05-26 | [China’s yuan rebounds after state banks sell dollars to lend support - Markets - Business Recorder](https://feedsoft.ai/events/36177-china-s-yuan-rebounds-after-state-banks-sell-dollars-to-lend-support-markets.md) | +0.1% | +2.2% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2025-05-28/china-pulls-back-support-as-yuan-rebounds-against-dollar-102325063.html

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