# China lifts yuan midpoint to highest since July 2019 on persistent dollar weakness | The Straits Times

> China's central bank set its yuan midpoint at 6.8605 per dollar, the strongest fix since July 2019 and 0.42% firmer than the prior day. The fix was weaker than a Reuters estimate of 6.8550. The dollar was on track for a fourth straight monthly decline.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/51834-china-lifts-yuan-midpoint-to-highest-since-july-2019-on-persistent-dollar
- 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 firmer yuan lowers the cost of dollar-priced imports for Chinese feed buyers and reflects broad dollar weakness that tends to support dollar-denominated grain prices.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-12-28 | [China's yuan rises on US dollar weakness, on track for best year since 2008 - Times of News](https://feedsoft.ai/events/67709-china-s-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008.md) | -1.0% | -3.6% |
| USDCNY | 2021-05-31 | [China lifts yuan midpoint to new 3 year high, basket index at highest since 2016 - Markets - Business Recorder](https://feedsoft.ai/events/47318-china-lifts-yuan-midpoint-to-new-3-year-high-basket-index-at-highest-since-2016.md) | +0.5% | +1.4% |
| USDCNY | 2025-07-01 | [China lifts yuan midpoint, but trade weighted value falls to lowest since 2021](https://feedsoft.ai/events/23991-china-lifts-yuan-midpoint-but-trade-weighted-value-falls-to-lowest-since-2021.md) | +0.1% | +0.2% |
| USDCNY | 2025-08-27 | [Yuan reaches the highest level since November on weak Dollar, stock rally - CNBC TV18](https://feedsoft.ai/events/23543-yuan-reaches-the-highest-level-since-november-on-weak-dollar-stock-rally-cnbc.md) | -0.1% | -0.3% |
| USDCNY | 2018-04-02 | [China Sets Yuan Mid-Point At Highest Level Since 2015 Devaluation - Babypips.com](https://feedsoft.ai/events/65712-china-sets-yuan-mid-point-at-highest-level-since-2015-devaluation-babypips-com.md) | +0.5% | +1.0% |
| DXY | 2017-12-28 | [China's yuan rises on US dollar weakness, on track for best year since 2008 - Times of News](https://feedsoft.ai/events/67709-china-s-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008.md) | -1.2% | -3.8% |
| DXY | 2025-08-27 | [Yuan reaches the highest level since November on weak Dollar, stock rally - CNBC TV18](https://feedsoft.ai/events/23543-yuan-reaches-the-highest-level-since-november-on-weak-dollar-stock-rally-cnbc.md) | -0.0% | -0.3% |
| DXY | 2018-02-07 | [US dollar will stay weak if China has its way: Morgan Stanley - The Business Times](https://feedsoft.ai/events/7107-us-dollar-will-stay-weak-if-china-has-its-way-morgan-stanley-the-business-times.md) | +0.2% | +0.7% |

## Sources

- straitstimes.com: https://www.straitstimes.com/business/economy/china-lifts-yuan-midpoint-to-highest-since-july-2019-on-persistent-dollar-weakness

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