# Stocks, currencies fall after Fed's Yellen signals rate hikes

> Global stocks and currencies fell after Fed Chair Janet Yellen signaled possible rate hikes. The yuan was among the weakest performers, softening 0.4 percent. Short-term Chinese funding costs also rose to near 10-year highs ahead of the Lunar New Year.

- Date: 2017-01-19 · published 2017-01-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11875-stocks-currencies-fall-after-fed-s-yellen-signals-rate-hikes
- 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 firmer US dollar driven by Fed hike expectations and a weaker yuan raise the cost of dollar-denominated feed imports for China.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-07-28 | [Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall](https://feedsoft.ai/events/46285-asian-currencies-chinese-yuan-hong-kong-dollar-weaken-as-china-stocks-fall.md) | -0.6% | -0.6% |
| USDCNY | 2024-07-22 | [China stocks drop after party meeting, yuan falls on rate cuts - The Pound Hub](https://feedsoft.ai/events/7517-china-stocks-drop-after-party-meeting-yuan-falls-on-rate-cuts-the-pound-hub.md) | -0.3% | -1.4% |
| USDCNY | 2022-09-28 | [China's yuan slides to 14-year low after US rate hikes \| AP News](https://feedsoft.ai/events/8604-china-s-yuan-slides-to-14-year-low-after-us-rate-hikes-ap-news.md) | -0.9% | -0.1% |
| USDCNY | 2024-10-08 | [China’s yuan falls against strong dollar, stocks surge after holiday](https://feedsoft.ai/events/11039-china-s-yuan-falls-against-strong-dollar-stocks-surge-after-holiday.md) | +1.4% | +1.2% |
| USDCNY | 2018-07-30 | [China's falling yuan stokes currency tensions](https://feedsoft.ai/events/64267-china-s-falling-yuan-stokes-currency-tensions.md) | +0.3% | -0.1% |
| DXY | 2017-01-19 | [S.Korean won falls as Yellen signals rate hike; stocks edge up \| Reuters](https://feedsoft.ai/events/73205-s-korean-won-falls-as-yellen-signals-rate-hike-stocks-edge-up-reuters.md) | -0.4% | -1.5% |
| DXY | 2022-05-04 | [Stocks rally after Fed hikes rates, crude jumps](https://feedsoft.ai/events/41309-stocks-rally-after-fed-hikes-rates-crude-jumps.md) | +0.9% | -0.8% |
| DXY | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | +1.6% | +0.9% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-idUSL5N1F928A/?feedName=usDollarRpt&feedType=RSS

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