# Offshore Yuan Hits One-Month Low

> The offshore yuan weakened to about 6.92 per dollar, a four-week low, as oil surged amid the escalating US-Israeli war with Iran and Strait of Hormuz shipments were halted. China's February consumer inflation rose to a three-year high of 1.3%, above forecasts.

- Date: 2026-03-09 · published 2026-03-09T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/11677-offshore-yuan-hits-one-month-low
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Higher oil prices and a weaker yuan raise China's import costs, while the Hormuz disruption tightens energy markets and supports feed and fertilizer costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-02-24 | [Canadian dollar hits two-month low as Russia invades Ukraine - The Globe and Mail](https://feedsoft.ai/events/42918-canadian-dollar-hits-two-month-low-as-russia-invades-ukraine-the-globe-and-mail.md) | +20.2% | +24.7% |
| WTI | 2026-07-31 | [Oil prices settle more than 1% higher, log strongest month since March \| Reuters](https://feedsoft.ai/events/18519-oil-prices-settle-more-than-1-higher-log-strongest-month-since-march-reuters.md) | -7.4% | -0.3% |
| WTI | 2019-04-23 | [Oil hits nearly 6-month highs as US aims to slash Iran's crude exports](https://feedsoft.ai/events/9608-oil-hits-nearly-6-month-highs-as-us-aims-to-slash-iran-s-crude-exports.md) | -3.4% | -3.9% |
| WTI | 2024-11-03 | [OPEC+ agrees to delay December output hike for one month \| Reuters](https://feedsoft.ai/events/27301-opec-agrees-to-delay-december-output-hike-for-one-month-reuters.md) | +1.3% | -2.1% |
| WTI | 2023-12-18 | [Canadian dollar retreats from four-month high ahead of CPI data](https://feedsoft.ai/events/32945-canadian-dollar-retreats-from-four-month-high-ahead-of-cpi-data.md) | +3.1% | +2.2% |
| BRENT | 2026-04-20 | [Offshore Yuan Falls for 3rd Straight Session](https://feedsoft.ai/events/19953-offshore-yuan-falls-for-3rd-straight-session.md) | +15.0% | +18.2% |
| BRENT | 2026-06-10 | [Brazilian Real Holds Near Two-Month Low](https://feedsoft.ai/events/12076-brazilian-real-holds-near-two-month-low.md) | -14.1% | -21.4% |
| BRENT | 2025-06-23 | [South African rand drops to one-month low after US strikes Iran](https://feedsoft.ai/events/24501-south-african-rand-drops-to-one-month-low-after-us-strikes-iran.md) | -11.9% | -9.9% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/china/currency/news/531615

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