# CX Daily: Yuan’s Strength Seen Continuing as Dollar Weakens - Caixin Global

> The yuan reached a three-year high against the dollar this week and gained 0.93% since Friday's close. Analysts expect the currency to stay strong because the PBOC has not shown concern about its pace and the dollar's weakness looks set to continue. Liu He and Katherine Tai also held their first call since Biden took office.

- Date: 2021-05-28 · published 2021-05-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/47324-cx-daily-yuan-s-strength-seen-continuing-as-dollar-weakens-caixin-global
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A strong yuan with a weak dollar lowers China's cost of dollar-priced commodity imports, which can support demand for grains and oilseeds. The renewed US-China trade talks add some support for purchase commitments.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-01-31 | [Yuan Strengthens As Fed Holds Interest Rates Steady - Caixin Global](https://feedsoft.ai/events/61310-yuan-strengthens-as-fed-holds-interest-rates-steady-caixin-global.md) | +0.5% | -0.1% |
| USDCNY | 2026-05-22 | [Analysis: Where Is the Strengthening Yuan Headed? - Caixin Global](https://feedsoft.ai/events/19489-analysis-where-is-the-strengthening-yuan-headed-caixin-global.md) | -0.5% | -0.4% |
| USDCNY | 2020-12-15 | [In Depth: What’s Next for the Yuan After Crushing the Dollar for Six Months - Caixin Global](https://feedsoft.ai/events/49864-in-depth-what-s-next-for-the-yuan-after-crushing-the-dollar-for-six-months.md) | +0.0% | -1.1% |
| USDCNY | 2020-09-04 | [Yuan Could Remain Strong Against Dollar Until Well Into 2021, Analysts Say - Caixin Global](https://feedsoft.ai/events/51319-yuan-could-remain-strong-against-dollar-until-well-into-2021-analysts-say.md) | -0.2% | -0.8% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-05-28/cx-daily-yuans-strength-seen-continuing-as-dollar-weakens-101719101.html

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