# China's yuan has fully recovered from 2016 and analysts say there's still room to run

> The yuan reached 6.5151 per dollar, recouping all of its 2016 losses and gaining more than 6% year to date. Analysts have raised forecasts after the currency beat many year-end targets. The yuan has also been discussed as a possible safe-haven currency amid US-North Korea tensions.

- Date: 2017-09-06 · published 2017-09-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/9415-china-s-yuan-has-fully-recovered-from-2016-and-analysts-say-there-s-still-room
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Continued yuan appreciation, supported by capital controls and intervention, lowers the yuan cost of dollar-priced imports for China. The effect on feed commodity prices is modest.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-09-08 | [Across The Border \| China’s huge currency rally could have further to go, analysts say \| South China Morning Post](https://feedsoft.ai/events/7798-across-the-border-china-s-huge-currency-rally-could-have-further-to-go-analysts.md) | +1.1% | +2.6% |
| USDCNY | 2023-02-02 | [China’s yuan jumps to over 2-week high on Fed’s dovish tilt - Markets - Business Recorder](https://feedsoft.ai/events/37551-china-s-yuan-jumps-to-over-2-week-high-on-fed-s-dovish-tilt-markets-business.md) | +0.7% | +2.5% |
| USDCNY | 2017-12-26 | [China's yuan strengthens to more than 3-month high - Chinadaily.com.cn](https://feedsoft.ai/events/67711-china-s-yuan-strengthens-to-more-than-3-month-high-chinadaily-com-cn.md) | -1.3% | -3.2% |
| USDCNY | 2021-11-23 | [China's yuan firms on year-end demand, analysts expect weakness in 2022 \| Financial Post](https://feedsoft.ai/events/44269-china-s-yuan-firms-on-year-end-demand-analysts-expect-weakness-in-2022.md) | -0.3% | -0.2% |
| USDCNY | 2024-09-25 | [China’s march to strong yuan is long and perilous](https://feedsoft.ai/events/28557-china-s-march-to-strong-yuan-is-long-and-perilous.md) | -0.2% | +1.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/09/06/chinas-yuan-has-fully-recovered-from-2016-and-analysts-say-theres-still-room-to-run.html

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