# Yuan set for biggest weekly gain in 12 years; Hong Kong dollar surges | South China Morning Post

> The onshore yuan rose 0.82 percent to break 6.45 per dollar, its strongest level since December 2015, and was set for its biggest weekly gain since 2005. The Hong Kong dollar climbed alongside it as the dollar slid and real-money investors repatriated funds to the mainland.

- Date: 2017-09-08 · published 2017-09-08T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/7801-yuan-set-for-biggest-weekly-gain-in-12-years-hong-kong-dollar-surges-south
- 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 sharp yuan rally lowers the cost of dollar-priced imports for Chinese buyers, which can support import demand for feed ingredients. The move reflects currency flows rather than a change in agricultural supply or demand.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2017-09-08 | 5 | -1.7% | -3.6 | Reports the onshore yuan breaking 6.45 and posting its largest weekly gain since 2005, which describes the move itself and shows the repatriation inflows behind it. |

## Sources

- scmp.com: https://www.scmp.com/business/money/markets-investing/article/2110369/yuan-set-biggest-weekly-gain-12-years-hong-kong

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