# RMB recovers on economic resilience - Chinadaily.com.cn

> The yuan strengthened sharply on Monday, with the PBOC's USD/CNY central parity rate posting its biggest daily gain since 2005. The rally followed a broad dollar retreat as US inflation eased and expectations grew that the Fed would slow rate hikes.

- Date: 2022-11-14 · published 2022-11-14T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38902-rmb-recovers-on-economic-resilience-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger yuan lowers the dollar cost of Chinese imports, supporting import demand for soybeans and feed ingredients at the margin.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-06-16 | [Experts see steady FX in H2 on recovery outlook - Chinadaily.com.cn](https://feedsoft.ai/events/11234-experts-see-steady-fx-in-h2-on-recovery-outlook-chinadaily-com-cn.md) | +0.7% | +0.6% |
| USDCNY | 2019-02-01 | [RMB gains as greenback weakens - Chinadaily.com.cn](https://feedsoft.ai/events/60810-rmb-gains-as-greenback-weakens-chinadaily-com-cn.md) | +0.7% | +0.1% |
| USDCNY | 2019-04-29 | [GDP, inflows may buoy yuan - Chinadaily.com.cn](https://feedsoft.ai/events/59804-gdp-inflows-may-buoy-yuan-chinadaily-com-cn.md) | +0.1% | +2.5% |
| USDCNY | 2018-01-22 | [Yuan may rise more on weaker dollar: analysts - World - Chinadaily.com.cn](https://feedsoft.ai/events/11867-yuan-may-rise-more-on-weaker-dollar-analysts-world-chinadaily-com-cn.md) | -1.2% | -0.9% |
| USDCNY | 2020-01-14 | [China's yuan strengthens to 5-month high - Chinadaily.com.cn](https://feedsoft.ai/events/55313-china-s-yuan-strengthens-to-5-month-high-chinadaily-com-cn.md) | +0.2% | +1.1% |
| DXY | 2018-01-22 | [Yuan may rise more on weaker dollar: analysts - World - Chinadaily.com.cn](https://feedsoft.ai/events/11867-yuan-may-rise-more-on-weaker-dollar-analysts-world-chinadaily-com-cn.md) | -1.2% | -0.8% |
| DXY | 2018-01-31 | [Economic Watch: What's behind RMB's strength? - Xinhua \| English.news.cn](https://feedsoft.ai/events/67195-economic-watch-what-s-behind-rmb-s-strength-xinhua-english-news-cn.md) | +0.4% | +1.2% |
| DXY | 2022-05-23 | [Euro scales three-week high on Chinese recovery hopes](https://feedsoft.ai/events/12693-euro-scales-three-week-high-on-chinese-recovery-hopes.md) | -0.9% | +1.1% |

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/202211/15/WS6372d1eea310491754329ab5.html

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