# Better-than-Expected Batch of Chinese Data Lifts Renminbi –  Currency Thoughts

> The renminbi strengthened after Chinese data beat expectations, with real GDP growth of 1.5% in the fourth quarter and retail sales and industrial production growth above forecasts. The dollar fell 0.3% against the yuan while global share prices rose.

- Date: 2020-01-17 · published 2020-01-17T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/7879-better-than-expected-batch-of-chinese-data-lifts-renminbi-currency-thoughts
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Stronger Chinese industrial output and retail data point to firmer demand for animal protein and feed, supporting feed ingredient demand, though the impact on grain prices is modest.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-09-07 | [China August FX reserves, up for seventh straight month, reach $3.092 trillion](https://feedsoft.ai/events/7802-china-august-fx-reserves-up-for-seventh-straight-month-reach-3-092-trillion.md) | +0.3% | +2.0% |
| USDCNY | 2020-11-09 | [The Fed - Foreign Exchange Rates - H.10 -  November 09, 2020](https://feedsoft.ai/events/50374-the-fed-foreign-exchange-rates-h-10-november-09-2020.md) | -0.4% | -1.0% |

## Sources

- currencythoughts.com: https://currencythoughts.com/2020/01/17/better-than-expected-batch-of-chinese-data-lifts-renminbi/

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