# Yuan Appreciation: RMB strengthens when US index continues to fall - CGTN

> The renminbi closed at 6.5915 per dollar on August 30 after the central parity was set 191 basis points stronger, its highest since August 2016. The dollar index fell to about 92.34, near its lowest since January 2015.

- Date: 2017-08-30 · published 2017-08-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/69676-yuan-appreciation-rmb-strengthens-when-us-index-continues-to-fall-cgtn
- 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 index supports dollar-priced commodities such as grains and meal by making them cheaper for foreign buyers, while the firmer yuan modestly lowers Chinese import costs.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-14 | [Ringgit continues to strengthen vs US dollar](https://feedsoft.ai/events/36680-ringgit-continues-to-strengthen-vs-us-dollar.md) | +0.6% | +0.5% |
| DXY | 2025-07-05 | [Colombian Peso Strengthens as US Dollar Continues to Decline](https://feedsoft.ai/events/24064-colombian-peso-strengthens-as-us-dollar-continues-to-decline.md) | +0.6% | +1.7% |
| DXY | 2023-12-28 | [Baht continues to strengthen as gold price rises](https://feedsoft.ai/events/32970-baht-continues-to-strengthen-as-gold-price-rises.md) | +1.0% | +1.8% |
| DXY | 2020-11-17 | [Chinese yuan jumps to strongest and will likely continue - CGTN](https://feedsoft.ai/events/50364-chinese-yuan-jumps-to-strongest-and-will-likely-continue-cgtn.md) | -0.1% | -1.9% |
| 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% |
| 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 | 2022-09-29 | [China's yuan unlikely to continue rapid depreciation -state media](https://feedsoft.ai/events/7213-china-s-yuan-unlikely-to-continue-rapid-depreciation-state-media.md) | -1.2% | +0.3% |
| 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% |

## Sources

- news.cgtn.com: https://news.cgtn.com/news/3d59544d78454464776c6d636a4e6e62684a4856/share_p.html

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