# Chinese yuan strengthens to 6.3524 against USD Friday - Xinhua | English.news.cn

> The yuan's central parity strengthened to 6.3524 per dollar on May 11, ending four days of weakening after the dollar fell on softer US inflation data. Analysts cited a resilient Chinese economy and limited room for further dollar gains.

- Date: 2018-05-11 · published 2018-05-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/65235-chinese-yuan-strengthens-to-6-3524-against-usd-friday-xinhua-english-news-cn
- 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 firmer yuan lowers the local cost of US imports, a mildly supportive factor for Chinese demand for US feed commodities, while a softer dollar supports dollar-priced grains.

## Read by commodity

- DXY: bearish ▼
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-03-26 | [Chinese Yuan Bounces Back Against US Dollar](https://feedsoft.ai/events/31443-chinese-yuan-bounces-back-against-us-dollar.md) | +0.3% | +0.4% |
| USDCNY | 2019-06-17 | [Chinese yuan to remain stable despite temporary fluctuations_Xinhua Finance Agency](https://feedsoft.ai/events/9811-chinese-yuan-to-remain-stable-despite-temporary-fluctuations-xinhua-finance.md) | -0.8% | -0.7% |
| USDCNY | 2024-10-07 | [Renminbi on track for stability against USD - Chinadaily.com.cn](https://feedsoft.ai/events/11043-renminbi-on-track-for-stability-against-usd-chinadaily-com-cn.md) | +0.7% | +1.2% |
| USDCNY | 2026-10-18 | [Chinese Yuan: Export dependence limits upside against US Dollar - Commerzbank](https://feedsoft.ai/events/17259-chinese-yuan-export-dependence-limits-upside-against-us-dollar-commerzbank.md) | -0.2% | — |
| USDCNY | 2017-10-10 | [Chinese firms rush to hedge as yuan swings begin to sting \| South China Morning Post](https://feedsoft.ai/events/6416-chinese-firms-rush-to-hedge-as-yuan-swings-begin-to-sting-south-china-morning.md) | -1.0% | -0.3% |
| DXY | 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) | +0.9% | +1.7% |
| DXY | 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) | -0.2% | +0.2% |
| DXY | 2018-01-25 | [Chinese yuan strengthens to 27-month high against USD Thursday](https://feedsoft.ai/events/11866-chinese-yuan-strengthens-to-27-month-high-against-usd-thursday.md) | -0.3% | +0.7% |

## Sources

- xinhuanet.com: https://www.xinhuanet.com/english/2018-05/11/c_137172055.htm

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