# Yuan Seen Rising Versus Dollar in 2024 as Capital Outflows Ease

> A survey of 17 traders put the median forecast for the yuan at 7 per dollar by the end of next year. The currency was around 7.09 per dollar at the time, and capital outflows are expected to ease.

- Date: 2024-01-01 · published 2024-01-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/32923-yuan-seen-rising-versus-dollar-in-2024-as-capital-outflows-ease
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan would trim the dollar cost of Chinese imports of feed ingredients, a modest support for import demand.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-05-28 | [CX Daily: Yuan’s Strength Seen Continuing as Dollar Weakens - Caixin Global](https://feedsoft.ai/events/47324-cx-daily-yuan-s-strength-seen-continuing-as-dollar-weakens-caixin-global.md) | +0.2% | +1.1% |
| 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 | 2017-01-05 | [Dollar eases off 14-year peak as yuan's jump spooks investors](https://feedsoft.ai/events/10247-dollar-eases-off-14-year-peak-as-yuan-s-jump-spooks-investors.md) | +0.1% | -1.0% |
| USDCNY | 2023-01-05 | [Yuan to Stay Below 6.8 Versus US Dollar This Year as Greenback Will Likely Weaken](https://feedsoft.ai/events/12767-yuan-to-stay-below-6-8-versus-us-dollar-this-year-as-greenback-will-likely.md) | -1.7% | -2.3% |
| USDCNY | 2026-01-29 | [Chinese Yuan Breaches 7 Versus US Dollar for Second Time This Year](https://feedsoft.ai/events/21280-chinese-yuan-breaches-7-versus-us-dollar-for-second-time-this-year.md) | -0.1% | -1.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-12-29/yuan-seen-rising-versus-dollar-in-2024-as-capital-outflows-ease

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