# The inexorable rise of the Chinese yuan

> The PBoC set the yuan midpoint at 6.8903 per dollar on Thursday, the first fix stronger than 6.9000 since January. Offshore yuan traded near 6.87-6.89. The author attributes the yuan's gains mainly to US dollar weakness and China's economic recovery, rather than trade talks.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/51841-the-inexorable-rise-of-the-chinese-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 firmer yuan supports Chinese import buying power, but the move is driven mainly by FX factors rather than feed supply or demand.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-01 | [Happy Chinese Yuan \| snaps \| ING THINK](https://feedsoft.ai/events/66715-happy-chinese-yuan-snaps-ing-think.md) | -0.3% | +1.2% |
| 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 | 2025-08-28 | [Chinese Yuan Rises After PBOC Fixing - WSJ](https://feedsoft.ai/events/23542-chinese-yuan-rises-after-pboc-fixing-wsj.md) | -0.2% | -0.3% |
| USDCNY | 2023-11-22 | [Chinese Yuan Bounce Overdone](https://feedsoft.ai/events/12029-chinese-yuan-bounce-overdone.md) | -0.1% | +0.0% |
| USDCNY | 2019-08-06 | [Forex markets: Chinese yuan in focus](https://feedsoft.ai/events/5369-forex-markets-chinese-yuan-in-focus.md) | +0.1% | +1.9% |
| DXY | 2018-02-01 | [Happy Chinese Yuan \| snaps \| ING THINK](https://feedsoft.ai/events/66715-happy-chinese-yuan-snaps-ing-think.md) | +0.9% | +1.7% |
| DXY | 2025-08-28 | [Chinese Yuan Rises After PBOC Fixing - WSJ](https://feedsoft.ai/events/23542-chinese-yuan-rises-after-pboc-fixing-wsj.md) | +0.0% | -0.2% |
| DXY | 2022-08-31 | [China starts to draw the line on the latest yuan drop](https://feedsoft.ai/events/40258-china-starts-to-draw-the-line-on-the-latest-yuan-drop.md) | +0.9% | +3.6% |

## Sources

- asiafinancial.com: https://www.asiafinancial.com/the-inexorable-rise-of-the-chinese-yuan

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