# China's yuan rises on US dollar weakness, on track for best year since 2008 - Times of News

> The yuan firmed against the US dollar on December 28, 2017, helped by a stronger PBOC midpoint of 6.5412 and broad dollar weakness as US Treasury yields fell. The currency was on track for its steepest annual gain since 2008.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/67709-china-s-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker dollar and firmer yuan make dollar-priced feed imports cheaper for China, which can support its buying of US soybeans and meal. The effect on grain prices is indirect and modest.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-31 | [China lifts yuan midpoint to highest since July 2019 on persistent dollar weakness \| The Straits Times](https://feedsoft.ai/events/51834-china-lifts-yuan-midpoint-to-highest-since-july-2019-on-persistent-dollar.md) | +0.1% | +1.4% |
| DXY | 2020-07-06 | [Risk-on move dents dollar; yuan set for best day since December](https://feedsoft.ai/events/9734-risk-on-move-dents-dollar-yuan-set-for-best-day-since-december.md) | -0.4% | -2.2% |
| DXY | 2026-01-28 | [Korean won rises to 3-month high amid broad weakness of U.S. dollar \| Yonhap News Agency](https://feedsoft.ai/events/21272-korean-won-rises-to-3-month-high-amid-broad-weakness-of-u-s-dollar-yonhap-news.md) | +0.4% | +0.3% |
| DXY | 2025-04-30 | [Mexican Peso Clocks Best Month Since 2021 on Dollar Weakness - Bloomberg](https://feedsoft.ai/events/25341-mexican-peso-clocks-best-month-since-2021-on-dollar-weakness-bloomberg.md) | -0.5% | -0.5% |
| DXY | 2019-06-20 | [US dollar on track for biggest 2-day drop this year on dovish Fed](https://feedsoft.ai/events/58787-us-dollar-on-track-for-biggest-2-day-drop-this-year-on-dovish-fed.md) | -1.1% | -0.8% |
| USDCNY | 2020-08-31 | [China lifts yuan midpoint to highest since July 2019 on persistent dollar weakness \| The Straits Times](https://feedsoft.ai/events/51834-china-lifts-yuan-midpoint-to-highest-since-july-2019-on-persistent-dollar.md) | -0.3% | -0.8% |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |
| USDCNY | 2020-09-30 | [China’s yuan records best performance against dollar since 2008 - MarketWatch](https://feedsoft.ai/events/51316-china-s-yuan-records-best-performance-against-dollar-since-2008-marketwatch.md) | -0.4% | -1.3% |

## Sources

- singapore.timesofnews.com: https://singapore.timesofnews.com/business-economy/chinas-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008.html

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