# Yuan finishes domestic trade near 5-month high, recoups 2020 losses - Markets - Business Recorder

> The onshore yuan closed at 6.9530 per dollar on August 5, its strongest close since March 11 and fully recovering its 2020 losses. The move followed broad dollar weakness and hopes for a scheduled US-China Phase 1 trade review.

- Date: 2020-08-05 · published 2020-08-05T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/51843-yuan-finishes-domestic-trade-near-5-month-high-recoups-2020-losses-markets
- 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 stronger yuan on trade-review hopes signals improved sentiment for US farm purchases, though the currency move itself is modest for feed prices.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-07-31 | [Yuan closes trade at 4-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/52323-yuan-closes-trade-at-4-1-2-month-high-markets-business-recorder.md) | -0.8% | -1.6% |
| USDCNY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -0.5% |
| USDCNY | 2025-10-28 | [Yuan hits 1-year high on upbeat stocks, trade deal hopes - Markets - Business Recorder](https://feedsoft.ai/events/22633-yuan-hits-1-year-high-on-upbeat-stocks-trade-deal-hopes-markets-business.md) | +0.2% | -0.4% |
| USDCNY | 2023-11-20 | [Australian dollar hits 3-month high, draws extra boost from firm yuan - Markets - Business Recorder](https://feedsoft.ai/events/33409-australian-dollar-hits-3-month-high-draws-extra-boost-from-firm-yuan-markets.md) | -0.8% | -1.1% |
| USDCNY | 2025-10-27 | [China’s yuan jumps to one-month high on positive trade developments with US - Markets - Business Recorder](https://feedsoft.ai/events/22626-china-s-yuan-jumps-to-one-month-high-on-positive-trade-developments-with-us.md) | -0.1% | -0.3% |
| DXY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2020-08-06 | [Sterling rises to 5-month high - Markets - Business Recorder](https://feedsoft.ai/events/51867-sterling-rises-to-5-month-high-markets-business-recorder.md) | +0.3% | -0.7% |
| DXY | 2020-08-18 | [C$ nears 7-month high; market awaits policy clues from new finance minister - Markets - Business Recorder](https://feedsoft.ai/events/51858-c-nears-7-month-high-market-awaits-policy-clues-from-new-finance-minister.md) | +0.1% | -1.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40009966

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