# China: Yuan surges past 7 per dollar for the first time since August

> The yuan rose above 7 per US dollar for the first time since August, reaching its highest level since August 5. Traders expected a limited US-China trade agreement to be signed later in the month.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/56293-china-yuan-surges-past-7-per-dollar-for-the-first-time-since-august
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan strength tied to trade-deal hopes signals possible renewed Chinese buying of US soybeans and other farm products. The direct price impact on feed commodities is modest.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-12-30 | [USDCNY: Yuan Climbs Past 7 Per Dollar Onshore for First Time Since 2023](https://feedsoft.ai/events/21738-usdcny-yuan-climbs-past-7-per-dollar-onshore-for-first-time-since-2023.md) | -0.3% | -0.8% |
| USDCNY | 2026-02-01 | [China Sets Yuan Fixing Stronger Than 7 for First Time Since 2023](https://feedsoft.ai/events/21278-china-sets-yuan-fixing-stronger-than-7-for-first-time-since-2023.md) | -0.2% | -1.0% |
| USDCNY | 2020-02-04 | [China signals support for yuan with currency fix stronger than 7 per US dollar \| The Straits Times](https://feedsoft.ai/events/5134-china-signals-support-for-yuan-with-currency-fix-stronger-than-7-per-us-dollar.md) | -0.6% | -0.9% |
| USDCNY | 2022-12-05 | [Yuan jumps past 7 per dollar as China eases some COVID curbs](https://feedsoft.ai/events/38449-yuan-jumps-past-7-per-dollar-as-china-eases-some-covid-curbs.md) | -0.9% | -1.5% |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/11/05/china-yuan-surges-past-7-per-dollar-for-the-first-time-since-august.html

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