# US dollar climbs to 10-week peak; euro, China's yuan fall

> The US dollar rose to a 10-week high against major currencies, while the euro and yuan fell. In Asia, trading focused on Beijing's fiscal stimulus briefing, where the finance minister promised more counter-cyclical measures, and the offshore yuan fell 0.3% to 7.0906.

- Date: 2024-10-14 · published 2024-10-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11042-us-dollar-climbs-to-10-week-peak-euro-china-s-yuan-fall
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger dollar tends to pressure dollar-denominated grain and oilseed prices, while a weaker yuan makes Chinese imports more costly. Further Chinese stimulus could partly offset this by supporting demand.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2024-10-15 | 5 | +1.4% | 3.3 | The dollar hit a 10-week high on Oct 14 and the offshore yuan fell 0.3% to 7.0906, directly driving USD/CNY higher within the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-14 | [Dollar climbs to 3-week peak; US jobs data shrugged off](https://feedsoft.ai/events/53333-dollar-climbs-to-3-week-peak-us-jobs-data-shrugged-off.md) | -1.2% | -3.5% |
| DXY | 2017-12-04 | [Dollar climbs to 3-week peak vs yen on US tax reform prospects](https://feedsoft.ai/events/67695-dollar-climbs-to-3-week-peak-vs-yen-on-us-tax-reform-prospects.md) | +1.0% | -0.5% |
| DXY | 2018-05-18 | [China's yuan set to post biggest weekly fall in 3 months as dollar tracks yields higher](https://feedsoft.ai/events/65231-china-s-yuan-set-to-post-biggest-weekly-fall-in-3-months-as-dollar-tracks.md) | +0.1% | +1.8% |
| DXY | 2020-04-29 | [Euro seen falling to 1.05 to the US dollar by year-end: BofA](https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa.md) | -0.5% | -1.5% |
| DXY | 2021-01-11 | [China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/49365-china-s-yuan-eases-to-1-week-low-to-reflect-dollar-rebound-markets-business.md) | +0.2% | +0.4% |
| USDCNY | 2026-03-27 | [China's yuan falls to near 3-week low as safe-haven demand lifts dollar \| The Star](https://feedsoft.ai/events/20386-china-s-yuan-falls-to-near-3-week-low-as-safe-haven-demand-lifts-dollar-the-star.md) | -0.4% | -1.2% |
| USDCNY | 2020-05-28 | [The Chinese yuan could weaken to 7.40 per dollar amid US-China tensions](https://feedsoft.ai/events/53379-the-chinese-yuan-could-weaken-to-7-40-per-dollar-amid-us-china-tensions.md) | -0.8% | -1.3% |
| USDCNY | 2018-05-18 | [China's yuan set to post biggest weekly fall in 3 months as dollar tracks yields higher](https://feedsoft.ai/events/65231-china-s-yuan-set-to-post-biggest-weekly-fall-in-3-months-as-dollar-tracks.md) | +0.2% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-extends-gains-while-investors-parse-chinas-stimulus-plans-2024-10-14/

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