◂ Event Timeline

Jul 31, 2020MACROChina

Yuan closes trade at 4-1/2-month high - Markets

The onshore yuan closed its domestic session on July 31 at 6.9794 per dollar, its strongest close since March 11. The currency was on track for its best monthly gain since last October.

WHY IT MATTERS

A stronger yuan lowers the local-currency cost of Chinese imports of US feed grains and meal, which can support import demand, though the effect on US futures is modest.

AFFECTSChinese Yuan (CNY per USD)▼

2 SOURCES
brecorder.comReutersJul 31, 2020
brecorder.comReutersJul 31, 2020

Price reaction & history

Chinese Yuan (CNY per USD)▼bearishSO FAR1d -0.5%5d -0.8%20d -1.6%

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

Jul 31, 2026Yuan rises to 1-1/2-month high - Markets - Business Recorder-0.1%
Aug 5, 2020Yuan finishes domestic trade near 5-month high, recoups 2020 losses - Markets - Business Recorder-0.4%
Oct 28, 2025Yuan hits 1-year high on upbeat stocks, trade deal hopes - Markets - Business Recorder+0.2%
Oct 27, 2025China’s yuan jumps to one-month high on positive trade developments with US - Markets - Business Recorder-0.1%
Jun 16, 2022China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder-0.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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