# Dollar doubts spur renminbi adoption | IFR

> Policy uncertainty in the US is weighing on the dollar, which has fallen more than 8% this year on the ICE dollar index. Analysts say this is encouraging diversification into the euro, yen and renminbi. Standard Chartered's renminbi globalisation index rose about 8.3% through April.

- Date: 2025-05-30 · published 2025-05-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/24890-dollar-doubts-spur-renminbi-adoption-ifr
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities, including grains and oilseeds, by making them cheaper for foreign buyers. The renminbi diversification trend is a longer-term theme with limited near-term price effects.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-27 | [Dollar sinks to four-year low as intervention risk lifts yen](https://feedsoft.ai/events/21293-dollar-sinks-to-four-year-low-as-intervention-risk-lifts-yen.md) | +0.3% | -0.1% |
| DXY | 2024-05-31 | [Dollar set for first monthly drop after US inflation readout \| Reuters](https://feedsoft.ai/events/30421-dollar-set-for-first-monthly-drop-after-us-inflation-readout-reuters.md) | +0.3% | +1.8% |
| DXY | 2023-11-21 | [FX Daily: Renminbi shorts on the run \| articles \| ING THINK](https://feedsoft.ai/events/12028-fx-daily-renminbi-shorts-on-the-run-articles-ing-think.md) | -0.6% | -0.7% |
| DXY | 2017-03-15 | [Gold up, dollar down in unusual VN reaction](https://feedsoft.ai/events/72285-gold-up-dollar-down-in-unusual-vn-reaction.md) | -1.5% | -1.3% |
| DXY | 2025-06-27 | [SK Won Rises as Dollar Slips](https://feedsoft.ai/events/24447-sk-won-rises-as-dollar-slips.md) | -0.3% | +0.3% |

## Sources

- ifre.com: https://www.ifre.com/people-and-markets/2266455/dollar-doubts-spur-renminbi-adoption

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