# Yuan rallies to five year highs as US-China deal on trade gathers momentum | The National

> The yuan gained 1.8% against the dollar in the week to January 11, reaching 6.7400, its strongest level since July and its largest weekly gain since 2005. The move followed three days of US-China talks in Beijing, and the Fed's shift to a pause helped weaken the dollar. Bloomberg's Dollar Spot Index fell 0.9% over the same week.

- Date: 2019-01-11 · published 2019-01-11T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/61313-yuan-rallies-to-five-year-highs-as-us-china-deal-on-trade-gathers-momentum-the
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sharp yuan rally on expected trade progress signals better odds of a deal that could restore Chinese purchases of US farm commodities, while a weaker dollar supports dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-11-25 | [Yuan Rallies to One-Year High on Trade Optimism and Fed Cut Bets - Caixin Global](https://feedsoft.ai/events/22173-yuan-rallies-to-one-year-high-on-trade-optimism-and-fed-cut-bets-caixin-global.md) | -0.5% | -1.0% |
| USDCNY | 2018-01-26 | [China's yuan firms up further post Trump comments \| The National](https://feedsoft.ai/events/11865-china-s-yuan-firms-up-further-post-trump-comments-the-national.md) | -0.3% | +0.2% |
| USDCNY | 2025-09-03 | [China uses yuan as olive branch in US trade talks \| Reuters](https://feedsoft.ai/events/23113-china-uses-yuan-as-olive-branch-in-us-trade-talks-reuters.md) | -0.3% | -0.3% |
| 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 | 2026-05-25 | [China's yuan advances to 3-year high as investors weigh prospects of US-Iran deal - Markets - Business Recorder](https://feedsoft.ai/events/19484-china-s-yuan-advances-to-3-year-high-as-investors-weigh-prospects-of-us-iran.md) | -0.4% | -0.1% |
| DXY | 2022-12-30 | [Ringgit rallies on last trading day of the year on China reopening](https://feedsoft.ai/events/38497-ringgit-rallies-on-last-trading-day-of-the-year-on-china-reopening.md) | -0.5% | -2.3% |
| DXY | 2020-05-31 | [The euro rallies as the European Union addresses fiscal flaws \| The National](https://feedsoft.ai/events/53352-the-euro-rallies-as-the-european-union-addresses-fiscal-flaws-the-national.md) | -1.8% | -0.3% |
| DXY | 2025-05-06 | [China's yuan ends at six-month high as carry trades unwind](https://feedsoft.ai/events/9617-china-s-yuan-ends-at-six-month-high-as-carry-trades-unwind.md) | +1.0% | -0.7% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/markets/yuan-rallies-to-five-year-highs-as-us-china-deal-on-trade-gathers-momentum-1.812074

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