# US economy strength keeps pressure on yuan

> The yuan was fixed at 6.5641 per dollar on March 30, its weakest in four months, as the US economy showed signs of recovery. Analysts expect the dollar to stay strong while the euro zone struggles with a COVID resurgence.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/48335-us-economy-strength-keeps-pressure-on-yuan
- 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 strong dollar against the yuan reduces China's effective purchasing power for dollar-priced imports, a mild bearish factor for feed demand.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-09-17 | [Yuan falls on dollar strength after Fed's upbeat economic outlook \| Financial Post](https://feedsoft.ai/events/51315-yuan-falls-on-dollar-strength-after-fed-s-upbeat-economic-outlook-financial-post.md) | +0.8% | -0.4% |
| USDCNY | 2020-03-30 | [Yuan largely flat as pledge to support economy offsets dollar strength \| Financial Post](https://feedsoft.ai/events/54319-yuan-largely-flat-as-pledge-to-support-economy-offsets-dollar-strength.md) | -0.0% | -0.2% |
| USDCNY | 2018-06-27 | [Yuan Sell-Off Gathers Pace On Economy, Trade Fears - Caixin Global](https://feedsoft.ai/events/8530-yuan-sell-off-gathers-pace-on-economy-trade-fears-caixin-global.md) | +0.9% | +2.9% |
| USDCNY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | -0.5% | -0.5% |
| USDCNY | 2020-11-27 | [Yuan keeps on appreciating against both the dollar and the euro](https://feedsoft.ai/events/50362-yuan-keeps-on-appreciating-against-both-the-dollar-and-the-euro.md) | -0.7% | -0.7% |
| DXY | 2024-10-31 | [US economic strength fuelling USD upside, pressuring AUD/USD and NZD/USD](https://feedsoft.ai/events/28122-us-economic-strength-fuelling-usd-upside-pressuring-aud-usd-and-nzd-usd.md) | +0.7% | +1.4% |
| DXY | 2016-12-14 | [US raises key interest rate by 0.25% on strengthening economy - BBC News](https://feedsoft.ai/events/5969-us-raises-key-interest-rate-by-0-25-on-strengthening-economy-bbc-news.md) | +1.6% | +0.9% |
| DXY | 2020-09-17 | [Yuan falls on dollar strength after Fed's upbeat economic outlook \| Financial Post](https://feedsoft.ai/events/51315-yuan-falls-on-dollar-strength-after-fed-s-upbeat-economic-outlook-financial-post.md) | +1.6% | +0.6% |

## Sources

- asiafinancial.com: https://www.asiafinancial.com/us-economy-strength-keeps-pressure-on-yuan

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