# Asia markets: Fed comments and yuan in focus

> Asian equities rose after China's central bank changed its yuan fixing methodology to slow the currency's slide. Fed Chairman Powell reaffirmed a policy path of further, gradual rate hikes in his Jackson Hole speech.

- Date: 2018-08-26 · published 2018-08-26T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/10044-asia-markets-fed-comments-and-yuan-in-focus
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The yuan stabilization measure eases pressure on Chinese import costs and supports demand for dollar-priced commodities. Continued Fed tightening, however, keeps the dollar firm and limits upside in grain prices.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-08-06 | [Forex markets: Chinese yuan in focus](https://feedsoft.ai/events/5369-forex-markets-chinese-yuan-in-focus.md) | +0.1% | +1.9% |
| USDCNY | 2025-10-30 | [Commentary: The Yuan Forges Its Own Path - Caixin Global](https://feedsoft.ai/events/22629-commentary-the-yuan-forges-its-own-path-caixin-global.md) | +0.4% | -0.3% |
| USDCNY | 2026-09-28 | [Commentary: The Yuan Has Broken Free of the Fed - Caixin Global](https://feedsoft.ai/events/17683-commentary-the-yuan-has-broken-free-of-the-fed-caixin-global.md) | -0.1% | -0.6% |
| USDCNY | 2023-06-27 | [Asian currencies firm on yuan recovery, stocks mixed - Markets - Business Recorder](https://feedsoft.ai/events/10492-asian-currencies-firm-on-yuan-recovery-stocks-mixed-markets-business-recorder.md) | +0.0% | -1.4% |
| USDCNY | 2017-06-01 | [Yuan's Forecasters Getting It Wrong as China Jolts Markets - Bloomberg](https://feedsoft.ai/events/70728-yuan-s-forecasters-getting-it-wrong-as-china-jolts-markets-bloomberg.md) | -0.2% | -0.2% |
| DXY | 2018-11-12 | [Forex market: Fed, Brexit and dollar in focus](https://feedsoft.ai/events/62251-forex-market-fed-brexit-and-dollar-in-focus.md) | -0.4% | -0.2% |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |
| DXY | 2018-10-01 | [Gold markets: Dollar, the Fed, trade in focus](https://feedsoft.ai/events/62443-gold-markets-dollar-the-fed-trade-in-focus.md) | +0.7% | +1.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/08/27/asia-markets-dollar-yuan-in-focus.html

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