# Chinese yuan strengthens to new high against USD - Xinhua | English.news.cn

> The yuan's central parity rate rose to 6.3045 per dollar on February 1, its strongest since August 2015. The currency gained 3.38 percent in January, its biggest monthly gain since 1994, and more than half of its 6.72 percent gain for all of 2017. The dollar index has fallen more than 5 percent since December.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/66716-chinese-yuan-strengthens-to-new-high-against-usd-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

Yuan strength against a weakening dollar lowers the local-currency cost of US imports for China, which can support import demand for feed commodities. The price effect is indirect and mainly reflects broader dollar weakness.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 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) | -1.3% | -0.3% |
| USDCNY | 2017-09-08 | [Chinese yuan strengthens to near 16-month high against USD - People's Daily Online](https://feedsoft.ai/events/7803-chinese-yuan-strengthens-to-near-16-month-high-against-usd-people-s-daily-online.md) | +1.1% | +2.6% |
| DXY | 2018-05-11 | [Chinese yuan strengthens to 6.3524 against USD Friday - Xinhua \| English.news.cn](https://feedsoft.ai/events/65235-chinese-yuan-strengthens-to-6-3524-against-usd-friday-xinhua-english-news-cn.md) | +0.9% | +1.5% |
| 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/2018-02/01/c_136941737.htm

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