# Chart Of The Day: China's Yuan Nearing 3-Year Highs | Investing.com

> The USD/CNY pair moved toward its lowest levels since 2018 after direct talks between Biden and Xi raised hopes of easing trade and diplomatic tensions. Intraday trading formed a bullish hammer candle around 6.38 per dollar.

- Date: 2021-11-16 · published 2021-11-16T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/44274-chart-of-the-day-china-s-yuan-nearing-3-year-highs-investing-com
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Easing US-China tensions could support Chinese purchases of US farm goods, but the currency move itself is a modest factor for feed prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-07-31 | [China yuan hits 3-year high despite PBOC signalling discomfort over gains - The Daily Guardian](https://feedsoft.ai/events/18570-china-yuan-hits-3-year-high-despite-pboc-signalling-discomfort-over-gains-the.md) | -0.1% | -0.5% |
| USDCNY | 2017-01-05 | [China's Offshore Yuan is Bossing the US Dollar Around Today](https://feedsoft.ai/events/10253-china-s-offshore-yuan-is-bossing-the-us-dollar-around-today.md) | +0.1% | -1.0% |
| USDCNY | 2017-12-26 | [China's yuan strengthens to more than 3-month high - Chinadaily.com.cn](https://feedsoft.ai/events/67711-china-s-yuan-strengthens-to-more-than-3-month-high-chinadaily-com-cn.md) | -1.3% | -3.2% |
| USDCNY | 2020-09-29 | [China is attracting global investors' attention, boosting the yuan](https://feedsoft.ai/events/51322-china-is-attracting-global-investors-attention-boosting-the-yuan.md) | -0.3% | -1.6% |
| USDCNY | 2026-05-25 | [China's yuan advances to 3-year high as investors weigh prospects of US-Iran deal - Markets - Business Recorder](https://feedsoft.ai/events/19484-china-s-yuan-advances-to-3-year-high-as-investors-weigh-prospects-of-us-iran.md) | -0.4% | -0.1% |

## Sources

- investing.com: https://www.investing.com/analysis/chart-of-the-day-chinas-yuan-nearing-3year-highs-200608518

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