# GDP, inflows may buoy yuan - Chinadaily.com.cn

> Analysts expect the onshore yuan to stay near 6.7 per dollar for the rest of the second quarter, with a possible moderate gain toward 6.6. The currency rose about 1.9% year to date, helped by emerging-market inflows, a rally in Chinese stocks and easing trade tensions. Inclusion of Chinese bonds in a global index is also expected to support the currency.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/59804-gdp-inflows-may-buoy-yuan-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger yuan gives Chinese buyers more purchasing power for dollar-priced feed ingredients. Stability near current levels implies no major currency-driven change in import costs.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-01-14 | [China's yuan strengthens to 5-month high - Chinadaily.com.cn](https://feedsoft.ai/events/55313-china-s-yuan-strengthens-to-5-month-high-chinadaily-com-cn.md) | +0.2% | +1.1% |
| USDCNY | 2018-01-22 | [Yuan may rise more on weaker dollar: analysts - World - Chinadaily.com.cn](https://feedsoft.ai/events/11867-yuan-may-rise-more-on-weaker-dollar-analysts-world-chinadaily-com-cn.md) | -1.2% | -0.9% |
| USDCNY | 2017-12-26 | [China's yuan strengthens to more than 3-month high - Chinadaily.com.cn](https://feedsoft.ai/events/67711-china-s-yuan-strengthens-to-more-than-3-month-high-chinadaily-com-cn.md) | -1.3% | -3.2% |
| USDCNY | 2018-02-08 | [Chinese yuan strengthens to new high against USD - Chinadaily.com.cn](https://feedsoft.ai/events/7105-chinese-yuan-strengthens-to-new-high-against-usd-chinadaily-com-cn.md) | +1.3% | +1.2% |
| USDCNY | 2019-02-01 | [RMB gains as greenback weakens - Chinadaily.com.cn](https://feedsoft.ai/events/60810-rmb-gains-as-greenback-weakens-chinadaily-com-cn.md) | +0.7% | +0.1% |

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/201904/29/WS5cc662d9a3104842260b90fe.html

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