# So much for China risk - Asia Times

> The yuan's recent rise against the dollar reflected dollar weakness against the euro rather than Chinese-specific factors, since the yuan is managed against a currency basket. The article argues the yuan's movements are driven by the dollar rather than China risk.

- Date: 2018-08-22 · published 2018-08-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/10042-so-much-for-china-risk-asia-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The move signals that dollar strength, not Chinese fundamentals, drives yuan-denominated import costs, so a softer dollar tends to support dollar-priced commodities. Market participants should track the dollar index more than yuan-specific news.

## Read by commodity

- DXY: neutral
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-08 | [China and the Fed: how different this time?](https://feedsoft.ai/events/10768-china-and-the-fed-how-different-this-time.md) | -0.3% | -1.6% |
| DXY | 2023-11-15 | [Asia FX Outlook 2024: Event risk could dominate \| articles \| ING THINK](https://feedsoft.ai/events/33436-asia-fx-outlook-2024-event-risk-could-dominate-articles-ing-think.md) | -0.9% | -0.2% |
| DXY | 2019-10-24 | [Forex market: Brexit, US China trade in focus](https://feedsoft.ai/events/56802-forex-market-brexit-us-china-trade-in-focus.md) | +0.1% | +0.6% |
| DXY | 2017-12-01 | [Asia forex: Most Asian currencies ease as U.S. tax vote stalls](https://feedsoft.ai/events/67719-asia-forex-most-asian-currencies-ease-as-u-s-tax-vote-stalls.md) | +0.5% | -0.3% |
| DXY | 2020-03-26 | [Coronavirus sparks US dollar dilemma for China as Federal Reserve ramps up easing \| South China Morning Post](https://feedsoft.ai/events/54322-coronavirus-sparks-us-dollar-dilemma-for-china-as-federal-reserve-ramps-up.md) | -0.8% | -0.7% |
| USDCNY | 2023-11-15 | [Asia FX Outlook 2024: Event risk could dominate \| articles \| ING THINK](https://feedsoft.ai/events/33436-asia-fx-outlook-2024-event-risk-could-dominate-articles-ing-think.md) | -1.6% | -1.1% |
| USDCNY | 2019-11-06 | [China’s yuan and bonds temper rally as markets await policy certainty - Gulf Times](https://feedsoft.ai/events/56295-china-s-yuan-and-bonds-temper-rally-as-markets-await-policy-certainty-gulf-times.md) | +0.2% | +0.5% |
| USDCNY | 2024-11-14 | [Asia FX Talking: China will try to hold the line \| articles \| ING THINK](https://feedsoft.ai/events/6697-asia-fx-talking-china-will-try-to-hold-the-line-articles-ing-think.md) | +0.3% | +0.6% |

## Sources

- asiatimes.com: https://asiatimes.com/2018/08/so-much-for-china-risk/

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