# Yuan strengthens as investors move currency into country

> China's yuan strengthened to a 30-month high against the dollar, with the central bank's reference rate set at 6.2882 per dollar. Foreign investors raised holdings of Chinese bonds by 6.5 percent in January to 1.04 trillion yuan.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/7103-yuan-strengthens-as-investors-move-currency-into-country
- 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 and capital inflows reflect a weaker dollar, which can affect dollar-denominated feed commodity prices and Chinese import purchasing power.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-03-03 | [Yuan Rallies Most in 10 Months as PBOC Strengthens Fix Into NPC - Bloomberg](https://feedsoft.ai/events/9161-yuan-rallies-most-in-10-months-as-pboc-strengthens-fix-into-npc-bloomberg.md) | +0.4% | +0.4% |
| USDCNY | 2019-01-31 | [Yuan Strengthens As Fed Holds Interest Rates Steady - Caixin Global](https://feedsoft.ai/events/61310-yuan-strengthens-as-fed-holds-interest-rates-steady-caixin-global.md) | +0.5% | -0.1% |
| USDCNY | 2020-01-14 | [China's yuan strengthens to 5-month high - Chinadaily.com.cn](https://feedsoft.ai/events/55313-china-s-yuan-strengthens-to-5-month-high-chinadaily-com-cn.md) | +0.2% | +1.1% |
| USDCNY | 2016-12-30 | [Yuan Strengthens after China Announces Plans to Expand Currency Basket - Caixin Global](https://feedsoft.ai/events/73679-yuan-strengthens-after-china-announces-plans-to-expand-currency-basket-caixin.md) | -0.5% | -1.1% |
| USDCNY | 2022-12-07 | [Dollar falls against major currencies amid economy concerns; yuan strengthens \| Reuters](https://feedsoft.ai/events/6576-dollar-falls-against-major-currencies-amid-economy-concerns-yuan-strengthens.md) | -0.7% | -1.6% |
| DXY | 2022-12-07 | [Dollar falls against major currencies amid economy concerns; yuan strengthens \| Reuters](https://feedsoft.ai/events/6576-dollar-falls-against-major-currencies-amid-economy-concerns-yuan-strengthens.md) | -1.0% | -0.7% |
| DXY | 2018-07-31 | [GBP/USD: Pound Higher vs Dollar As Investors Dump The Greenback - Currency Live](https://feedsoft.ai/events/64274-gbp-usd-pound-higher-vs-dollar-as-investors-dump-the-greenback-currency-live.md) | +0.6% | +0.6% |
| 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

- ecns.cn: http://www.ecns.cn/business/2018/02-08/291927.shtml

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