# China's yuan inches up as post-Fed US dollar rally fades - The Business Times

> The yuan firmed against the US dollar on Friday as the greenback pared gains following the Federal Reserve's hawkish statement. S&P downgraded China's long-term sovereign credit rating, but the market reaction was muted.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan lowers the cost of dollar-priced imports for China, a modest support for Chinese buying of US feed ingredients and a small dollar-strength offset.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-03-29 | [China's yuan to post biggest quarterly rise against US dollar in a decade - The Business Times](https://feedsoft.ai/events/66213-china-s-yuan-to-post-biggest-quarterly-rise-against-us-dollar-in-a-decade-the.md) | +0.2% | +0.5% |
| USDCNY | 2018-02-07 | [US dollar will stay weak if China has its way: Morgan Stanley - The Business Times](https://feedsoft.ai/events/7107-us-dollar-will-stay-weak-if-china-has-its-way-morgan-stanley-the-business-times.md) | +0.9% | +0.6% |
| USDCNY | 2024-10-10 | [China’s yuan inches higher as PBOC support offsets dollar strength - Markets - Business Recorder](https://feedsoft.ai/events/11040-china-s-yuan-inches-higher-as-pboc-support-offsets-dollar-strength-markets.md) | +0.6% | +0.8% |
| USDCNY | 2020-02-04 | [Aussie dollar rises as risk appetite picks up - The Business Times](https://feedsoft.ai/events/5138-aussie-dollar-rises-as-risk-appetite-picks-up-the-business-times.md) | -0.6% | -0.9% |
| USDCNY | 2018-01-23 | [China’s yuan edges up on stronger fixing, vulnerable dollar \| Business News - The Indian Express](https://feedsoft.ai/events/11862-china-s-yuan-edges-up-on-stronger-fixing-vulnerable-dollar-business-news-the.md) | -1.1% | -1.1% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-yuan-inches-post-fed-us-dollar-rally-fades

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