# Chinese yuan against the dollar: China currency appreciation

> The Chinese yuan has appreciated about 10 percent against the dollar since the start of 2017, after rising almost 7 percent in 2017 and reversing three years of depreciation. Analysts say Beijing is allowing the gain partly to avoid being labelled a currency manipulator by President Trump, while the yuan remains mostly stable against a trade-weighted basket.

- Date: 2018-02-23 · published 2018-02-23T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation
- 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 stronger yuan makes Chinese imports of US and other dollar-priced feed commodities cheaper in yuan terms in principle, but the effect on import demand is modest given the yuan's stability on a trade-weighted basis. Currency moves of this kind are a background factor for feed import pricing rather than a direct driver.

## Read by commodity

- DXY: neutral
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-11-16 | [Is a Chinese yuan appreciation on the way? - CGTN](https://feedsoft.ai/events/62267-is-a-chinese-yuan-appreciation-on-the-way-cgtn.md) | +0.1% | -0.6% |
| USDCNY | 2020-03-11 | [Chinese Currency Rises Against US Dollar For Five Straight Days](https://feedsoft.ai/events/10774-chinese-currency-rises-against-us-dollar-for-five-straight-days.md) | +0.7% | +1.3% |
| USDCNY | 2017-08-10 | [China’s yuan strengthens to 10-month high against US dollar](https://feedsoft.ai/events/69675-china-s-yuan-strengthens-to-10-month-high-against-us-dollar.md) | +0.3% | -2.8% |
| USDCNY | 2017-07-21 | [As Donald Trump faces headwinds, China's yuan climbs against the dollar](https://feedsoft.ai/events/70192-as-donald-trump-faces-headwinds-china-s-yuan-climbs-against-the-dollar.md) | -0.2% | -1.2% |
| USDCNY | 2017-01-05 | [China’s offshore yuan surges most against dollar in a year](https://feedsoft.ai/events/73180-china-s-offshore-yuan-surges-most-against-dollar-in-a-year.md) | +0.1% | -1.0% |
| DXY | 2023-01-31 | [Local Currency Depreciates Against the Greenback Ahead of Fed’s Meeting (Updated)](https://feedsoft.ai/events/38040-local-currency-depreciates-against-the-greenback-ahead-of-fed-s-meeting-updated.md) | +1.4% | +2.1% |
| DXY | 2016-10-13 | [Dollar stalls, yuan hits 6-year low on Chinese trade dip](https://feedsoft.ai/events/5888-dollar-stalls-yuan-hits-6-year-low-on-chinese-trade-dip.md) | -0.6% | +0.8% |
| DXY | 2021-06-22 | [We do not see a case for sustained Dollar appreciation – Goldman Sachs — Octa](https://feedsoft.ai/events/46775-we-do-not-see-a-case-for-sustained-dollar-appreciation-goldman-sachs-octa.md) | -0.7% | +0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/02/22/chinese-yuan-against-the-dollar-china-currency-appreciation.html

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