# Chinese yuan strengthens to near 16-month high against USD - People's Daily Online

> The yuan's central parity rate strengthened for a tenth consecutive working day to 6.5032 per dollar, its strongest level since May 2016. The dollar index fell 0.5 percent to 91.21 as long-dated Treasury yields hit 10-month lows, and Chinese officials attributed the gain to solid fundamentals and stable capital flows.

- Date: 2017-09-08 · published 2017-09-08T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/7803-chinese-yuan-strengthens-to-near-16-month-high-against-usd-people-s-daily-online
- 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 weaker dollar lower the local-currency cost of dollar-priced feed imports, which can support Chinese buying. The move is a currency-driven market update without a new change in feed supply.

## 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 | A tenth consecutive stronger fix and a falling dollar index with lower Treasury yields supported the yuan's gains during the week. |
| USDCNY | 2017-09-11 | 1 | +0.7% | 4.1 | A tenth straight stronger fixing and a weaker dollar index on 2017-09-08 set the momentum and starting level going into the 09-11 move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 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) | +1.3% | +1.2% |
| USDCNY | 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) | -1.3% | -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% |
| USDCNY | 2017-08-31 | [Chinese yuan continues to climb against USD - People's Daily Online](https://feedsoft.ai/events/69673-chinese-yuan-continues-to-climb-against-usd-people-s-daily-online.md) | -1.7% | +1.0% |
| USDCNY | 2024-10-08 | [Stimulus moves help yuan strengthen near 7 against dollar - People's Daily Online](https://feedsoft.ai/events/11038-stimulus-moves-help-yuan-strengthen-near-7-against-dollar-people-s-daily-online.md) | +1.4% | +1.2% |
| 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% |
| 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% |
| DXY | 2018-02-01 | [Chinese yuan strengthens to new high against USD - Xinhua \| English.news.cn](https://feedsoft.ai/events/66716-chinese-yuan-strengthens-to-new-high-against-usd-xinhua-english-news-cn.md) | +0.9% | +1.7% |

## Sources

- en.people.cn: https://en.people.cn/n3/2017/0908/c90000-9266442.html

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