# China's yuan rises but strong U.S. retail sales data caps upside - Financial Post

> China's yuan firmed from a one-month low on Thursday but stayed in a narrow range after stronger-than-expected US retail sales lifted the dollar. The report, which showed a 3% January rise, reduced expectations of a Federal Reserve pivot.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/37552-china-s-yuan-rises-but-strong-u-s-retail-sales-data-caps-upside-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Strong US data keeps the dollar firm and limits yuan gains, leaving Chinese import costs for dollar-priced feed ingredients little changed.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-11-09 | [China's yuan eases as traders await inflation data; HK dollar nears 7.8 \| Financial Post](https://feedsoft.ai/events/44271-china-s-yuan-eases-as-traders-await-inflation-data-hk-dollar-nears-7-8.md) | +0.0% | -0.7% |
| USDCNY | 2020-10-30 | [As China's yuan becomes a Biden election play, PBOC pushes back \| Financial Post](https://feedsoft.ai/events/50847-as-china-s-yuan-becomes-a-biden-election-play-pboc-pushes-back-financial-post.md) | -1.7% | -2.1% |
| USDCNY | 2022-06-14 | [China's yuan recovers from 1-month low, Fed, PBOC in focus \| Financial Post](https://feedsoft.ai/events/41172-china-s-yuan-recovers-from-1-month-low-fed-pboc-in-focus-financial-post.md) | -1.0% | -0.5% |
| USDCNY | 2022-11-15 | [China keeps key lending rate unchanged as policymakers balance yuan, economic risks \| Financial Post](https://feedsoft.ai/events/8204-china-keeps-key-lending-rate-unchanged-as-policymakers-balance-yuan-economic.md) | +1.3% | -1.8% |
| USDCNY | 2020-10-21 | [China lifts yuan midpoint to 27-month high \| Financial Post](https://feedsoft.ai/events/50851-china-lifts-yuan-midpoint-to-27-month-high-financial-post.md) | +0.4% | -1.7% |

## Sources

- financialpost.com: https://financialpost.com/press-releases/chinas-yuan-rises-but-strong-u-s-retail-sales-data-caps-upside-3/

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