# Dollar extends 2020 losing streak amid upbeat sentiment; yuan shines - Markets - Business Recorder

> The dollar fell to mid-2018 lows on Monday as investors bought riskier currencies, with the yuan rising to 6.44 per dollar after Beijing cut the dollar's weighting in its currency basket. The euro climbed 0.6% to $1.2294 and Chinese factory activity continued to accelerate in December.

- Date: 2021-01-04 · published 2021-01-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12074-dollar-extends-2020-losing-streak-amid-upbeat-sentiment-yuan-shines-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar and a firmer yuan support dollar-priced commodity values and Chinese import demand. Accelerating Chinese factory activity points to steady feed demand.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2021-01-04 | 1 | -1.0% | -3.1 | Same-day report of a broad dollar slide to mid-2018 lows and a yuan rise to 6.44 per dollar after Beijing cut the dollar's basket weighting, which is a direct driver of the CNY appreciation. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-31 | [Dollar extends dramatic fall in European trade - Markets - Business Recorder](https://feedsoft.ai/events/52332-dollar-extends-dramatic-fall-in-european-trade-markets-business-recorder.md) | -0.3% | -0.6% |
| DXY | 2023-04-27 | [China’s yuan edges up on dollar weakness, Q1 industrial profit data - Markets - Business Recorder](https://feedsoft.ai/events/36606-china-s-yuan-edges-up-on-dollar-weakness-q1-industrial-profit-data-markets.md) | -0.2% | +1.0% |
| DXY | 2022-01-13 | [Australia, NZ dollars look to break higher as US$ retreats - Markets - Business Recorder](https://feedsoft.ai/events/43388-australia-nz-dollars-look-to-break-higher-as-us-retreats-markets-business.md) | +0.1% | +0.2% |
| DXY | 2020-08-05 | [Yuan finishes domestic trade near 5-month high, recoups 2020 losses - Markets - Business Recorder](https://feedsoft.ai/events/51843-yuan-finishes-domestic-trade-near-5-month-high-recoups-2020-losses-markets.md) | -0.3% | -1.9% |
| DXY | 2024-11-28 | [Euro jump, rising yen put brakes on the dollar - Markets - Business Recorder](https://feedsoft.ai/events/27641-euro-jump-rising-yen-put-brakes-on-the-dollar-markets-business-recorder.md) | -0.3% | +1.3% |
| USDCNY | 2026-06-30 | [China yuan firms as exporter dollar sales lend support - Markets - Business Recorder](https://feedsoft.ai/events/19035-china-yuan-firms-as-exporter-dollar-sales-lend-support-markets-business-recorder.md) | -0.0% | -0.3% |
| USDCNY | 2021-08-11 | [Strong demand lifts yuan, despite firmer dollar - Markets - Business Recorder](https://feedsoft.ai/events/45785-strong-demand-lifts-yuan-despite-firmer-dollar-markets-business-recorder.md) | +0.0% | -0.4% |
| USDCNY | 2025-11-28 | [China’s yuan set for longest monthly win streak since 2021 - Markets - Business Recorder](https://feedsoft.ai/events/22171-china-s-yuan-set-for-longest-monthly-win-streak-since-2021-markets-business.md) | -0.1% | -1.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40047245

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