# Yuan Holds Up As Risk-Off Lifts The Dollar - Finimize

> The yuan held up as risk-off sentiment lifted the US dollar amid Iran and Strait of Hormuz tensions, with the CFETS trade-weighted basket reaching its strongest level since March 2025. The onshore and offshore yuan traded closely, and PBOC fixing management helped limit its weakness against peers.

- Date: 2026-03-13 · published 2026-03-13T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/11471-yuan-holds-up-as-risk-off-lifts-the-dollar-finimize
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stable yuan limits spillover from dollar strength into Asian currencies and helps keep Chinese import demand steady. Escalation around Hormuz that lifts oil prices could still pressure the yuan and regional currencies.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2026-03-13 | 1 | +0.4% | 3.2 | Risk-off sentiment tied to Iran/Hormuz tensions lifted the dollar on 2026-03-13, the day of the move, while PBOC fixing management limited yuan weakness, which directly explains a USD/CNY shift. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-01-05 | [Dollar falls as yuan fix lifts risk currencies, Georgia elections in focus](https://feedsoft.ai/events/12069-dollar-falls-as-yuan-fix-lifts-risk-currencies-georgia-elections-in-focus.md) | +0.3% | +0.0% |
| USDCNY | 2025-06-11 | [JPMorgan lifts yuan forecast on easing tariff risks, de-dollarisation trend](https://feedsoft.ai/events/24432-jpmorgan-lifts-yuan-forecast-on-easing-tariff-risks-de-dollarisation-trend.md) | -0.0% | -0.2% |
| USDCNY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.8% | +2.0% |
| USDCNY | 2020-02-04 | [Aussie dollar rises as risk appetite picks up - The Business Times](https://feedsoft.ai/events/5138-aussie-dollar-rises-as-risk-appetite-picks-up-the-business-times.md) | -0.6% | -0.9% |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |
| DXY | 2026-03-27 | [Pound Slides As War Risks Lift The US Dollar - Finimize](https://feedsoft.ai/events/20432-pound-slides-as-war-risks-lift-the-us-dollar-finimize.md) | +0.1% | -1.4% |
| DXY | 2026-09-24 | [Dollar Holds Near Two-Month High As Rate Bets Reset - Finimize](https://feedsoft.ai/events/17644-dollar-holds-near-two-month-high-as-rate-bets-reset-finimize.md) | +0.7% | +1.0% |
| DXY | 2024-05-30 | [Yuan Hits Six-Month Low Amid Dollar Surge - Finimize](https://feedsoft.ai/events/30493-yuan-hits-six-month-low-amid-dollar-surge-finimize.md) | +0.3% | +1.8% |

## Sources

- finimize.com: https://finimize.com/content/yuan-holds-up-as-risk-off-lifts-the-dollar

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