# News Analysis: Robust yuan points to market confidence in Chinese economy - Xinhua | English.news.cn

> The yuan rose sharply against the dollar in the week to February 22, reaching 6.71 per dollar, its largest weekly gain since January 11. Analysts attributed the move to optimism over US-China trade talks and confidence in the Chinese economy.

- Date: 2019-02-25 · published 2019-02-25T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/60808-news-analysis-robust-yuan-points-to-market-confidence-in-chinese-economy-xinhua
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan reflects reduced trade-war risk, which can support Chinese import demand for feed ingredients over time.

## 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 | 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 | 2017-12-31 | [Economic Watch: 4 reasons why RMB stood tall in 2017 - Xinhua \| English.news.cn](https://feedsoft.ai/events/67710-economic-watch-4-reasons-why-rmb-stood-tall-in-2017-xinhua-english-news-cn.md) | -0.1% | -2.9% |
| USDCNY | 2018-01-31 | [Economic Watch: What's behind RMB's strength? - Xinhua \| English.news.cn](https://feedsoft.ai/events/67195-economic-watch-what-s-behind-rmb-s-strength-xinhua-english-news-cn.md) | -0.6% | +0.1% |

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2019-02/25/c_137847181.htm

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