Throughout 2010 and 2011 a strengthening US economy caused the dollar to begin gaining against many of the world’s major currencies and to steady somewhat against the yuan. Although the yuan continued to gain against the dollar, the gains had slowed in pace, and by the end of 2012, as the US economy began to stabilize, the exchange rate between the two currencies was at USD:CNY ¥6.2863.
The American economy continued to improve. In 2014 it began to surge ahead, as consumer confidence increased, consumption rose slightly and the employment rate ticked up. The yuan, meanwhile, fell about two percent against the dollar during the year, finishing 2014 at USD:CNY ¥6.1294.
In January 2015, Goldman Sachs released a report predicting that the US economy would continue to show strong growth through at least 2017, improving the dollar’s value against most major currencies. The yuan, meanwhile, had fallen to a conversion rate of USD:CNY ¥6.1438 in February, far from its high of 2012. Analysts predict the yuan will remain stable in the long-run, though some are predicting the it will decline further against the dollar when China decides to lower interest rates.