# Experts expect Chinese yuan to keep steady upward trend in H2 - Xinhua Silk Road

> Experts expect the yuan to stay stable and rise steadily in the second half of 2020 after fluctuating around 7 per dollar. The view cites market reform and economic fundamentals.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/52329-experts-expect-chinese-yuan-to-keep-steady-upward-trend-in-h2-xinhua-silk-road
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A steadily firmer yuan would gradually lower the cost of US farm imports for China, a mild supportive factor for export demand.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-01 | [Chinese yuan strengthens to new high against USD - Xinhua \| English.news.cn](https://feedsoft.ai/events/66716-chinese-yuan-strengthens-to-new-high-against-usd-xinhua-english-news-cn.md) | -0.3% | +1.2% |
| USDCNY | 2024-02-20 | [Korean Won, Chinese Yuan Set to Gain as US Interest Rates Expected to Drop](https://feedsoft.ai/events/31906-korean-won-chinese-yuan-set-to-gain-as-us-interest-rates-expected-to-drop.md) | +0.1% | +0.1% |
| USDCNY | 2017-10-31 | [Chinese yuan strengthens to 6.6397 against USD Tuesday - Xinhua \| English.news.cn](https://feedsoft.ai/events/68676-chinese-yuan-strengthens-to-6-6397-against-usd-tuesday-xinhua-english-news-cn.md) | -0.3% | -0.6% |
| USDCNY | 2019-11-07 | [Chinese yuan strengthens to 7.0008 against USD Thursday - Xinhua \| English.news.cn](https://feedsoft.ai/events/56298-chinese-yuan-strengthens-to-7-0008-against-usd-thursday-xinhua-english-news-cn.md) | +0.3% | +0.5% |
| USDCNY | 2023-06-16 | [Experts see steady FX in H2 on recovery outlook - Chinadaily.com.cn](https://feedsoft.ai/events/11234-experts-see-steady-fx-in-h2-on-recovery-outlook-chinadaily-com-cn.md) | +0.7% | +0.6% |

## Sources

- en.imsilkroad.com: https://en.imsilkroad.com/p/315232.html

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