# The yuan is on a tear, but is it sustainable? - Asia Times

> The yuan is gaining strength against the dollar as global banks add China-focused trading staff and yuan options trade more than yen options in London. Analysts cite China's yield advantage over other major economies. The article questions whether the rally can last without further reform.

- Date: 2021-02-24 · published 2021-02-24T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/48871-the-yuan-is-on-a-tear-but-is-it-sustainable-asia-times
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Sustained yuan strength would lower the dollar cost of Chinese commodity imports over time. Reversal risk could raise import costs for Chinese feed buyers.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-08-30 | [Yuan hits strongest in more than a year as flows offset fundamentals - The Business Times](https://feedsoft.ai/events/29024-yuan-hits-strongest-in-more-than-a-year-as-flows-offset-fundamentals-the.md) | -0.1% | -1.2% |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |
| USDCNY | 2018-11-16 | [Is a Chinese yuan appreciation on the way? - CGTN](https://feedsoft.ai/events/62267-is-a-chinese-yuan-appreciation-on-the-way-cgtn.md) | +0.1% | -0.6% |
| USDCNY | 2019-11-05 | [China: Yuan surges past 7 per dollar for the first time since August](https://feedsoft.ai/events/56293-china-yuan-surges-past-7-per-dollar-for-the-first-time-since-august.md) | -0.3% | +0.3% |
| USDCNY | 2018-03-29 | [China's yuan to post biggest quarterly rise against US dollar in a decade - The Business Times](https://feedsoft.ai/events/66213-china-s-yuan-to-post-biggest-quarterly-rise-against-us-dollar-in-a-decade-the.md) | +0.2% | +0.5% |

## Sources

- asiatimes.com: https://asiatimes.com/2021/02/the-yuan-is-on-a-tear-but-is-it-sustainable/

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