# Dollar set for fifth straight week of gains as China stays top of mind | Reuters

> The dollar was set for a fifth straight weekly gain as the PBOC set a much stronger-than-expected fixing, lifting the yuan from a 9-month low. The yuan had weakened to 7.3060 offshore before the intervention.

- Date: 2023-08-18 · published 2023-08-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34806-dollar-set-for-fifth-straight-week-of-gains-as-china-stays-top-of-mind-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Dollar strength and yuan swings affect the cost of US exports to China and broader dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-27 | [Dollar set for second straight week of gains - Business & Finance - Business Recorder](https://feedsoft.ai/events/23096-dollar-set-for-second-straight-week-of-gains-business-and-finance-business.md) | -0.3% | +0.3% |
| DXY | 2017-10-06 | [Dollar set for 4th week of gains as markets scent higher rates \| Gold Eagle](https://feedsoft.ai/events/68663-dollar-set-for-4th-week-of-gains-as-markets-scent-higher-rates-gold-eagle.md) | -0.3% | +1.2% |
| DXY | 2026-08-28 | [Dollar jumps after Warsh comments, set for weekly gain \| Reuters](https://feedsoft.ai/events/18077-dollar-jumps-after-warsh-comments-set-for-weekly-gain-reuters.md) | -0.2% | +1.7% |
| DXY | 2017-10-02 | [Asia FX falters as dollar gains offset upbeat China news](https://feedsoft.ai/events/68728-asia-fx-falters-as-dollar-gains-offset-upbeat-china-news.md) | +0.6% | +1.6% |
| DXY | 2026-10-02 | [Dollar heads for fourth straight weekly gain versus euro](https://feedsoft.ai/events/9651-dollar-heads-for-fourth-straight-weekly-gain-versus-euro.md) | -0.3% | -0.1% |
| USDCNY | 2019-12-31 | [China adjusts CFETS index basket, cutting dollar weighting \| Reuters](https://feedsoft.ai/events/55799-china-adjusts-cfets-index-basket-cutting-dollar-weighting-reuters.md) | -0.6% | -1.0% |
| USDCNY | 2023-05-22 | [Dollar gains against yen as Fed policy and debt ceiling in focus - Reuters](https://feedsoft.ai/events/36140-dollar-gains-against-yen-as-fed-policy-and-debt-ceiling-in-focus-reuters.md) | +0.8% | +2.5% |
| USDCNY | 2018-10-30 | [Major Chinese banks seen swapping yuan for dollars in forwards: traders \| Reuters](https://feedsoft.ai/events/62767-major-chinese-banks-seen-swapping-yuan-for-dollars-in-forwards-traders-reuters.md) | -0.5% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-set-fifth-winning-week-fed-bets-pboc-supports-yuan-2023-08-18/

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