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

> 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.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/52323-yuan-closes-trade-at-4-1-2-month-high-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## 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.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-08-05 | [Yuan finishes domestic trade near 5-month high, recoups 2020 losses - Markets - Business Recorder](https://feedsoft.ai/events/51843-yuan-finishes-domestic-trade-near-5-month-high-recoups-2020-losses-markets.md) | -0.4% | -2.1% |
| 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 | 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% |
| USDCNY | 2022-06-16 | [China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder](https://feedsoft.ai/events/41169-china-s-yuan-climbs-to-week-high-after-expected-fed-move-markets-business.md) | -0.2% | +0.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40009207
- brecorder.com: https://www.brecorder.com/news/40009326

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