# Yuan Hits Six-Month Low Amid Dollar Surge - Finimize

> The yuan hit a six-month low against the dollar on May 30, 2024, as US yields and a stronger dollar weighed on Asian currencies. The PBOC midpoint was set at 7.1111, its weakest since January, and state banks sold dollars without halting the decline.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/30493-yuan-hits-six-month-low-amid-dollar-surge-finimize
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger dollar and weaker yuan make dollar-priced commodity imports more expensive for China, a bearish signal for US feed demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-06-27 | [China's Yuan Hits Seven-Month Low As Dollar Outflows Persist - Finimize](https://feedsoft.ai/events/30009-china-s-yuan-hits-seven-month-low-as-dollar-outflows-persist-finimize.md) | +0.0% | -0.5% |
| USDCNY | 2024-05-29 | [Chinese yuan falls to six-month low on dollar strength - Nikkei Asia](https://feedsoft.ai/events/30488-chinese-yuan-falls-to-six-month-low-on-dollar-strength-nikkei-asia.md) | -0.1% | +0.3% |
| USDCNY | 2024-04-28 | [Yuan near five-month low against dollar - Business & Finance - Business Recorder](https://feedsoft.ai/events/30954-yuan-near-five-month-low-against-dollar-business-and-finance-business-recorder.md) | -0.1% | -0.1% |
| USDCNY | 2026-03-30 | [Yuan Slips As Oil And The Dollar Stay Strong - Finimize](https://feedsoft.ai/events/20388-yuan-slips-as-oil-and-the-dollar-stay-strong-finimize.md) | -0.4% | -1.1% |
| USDCNY | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | +2.2% | +5.2% |
| DXY | 2026-03-13 | [Yuan Holds Up As Risk-Off Lifts The Dollar - Finimize](https://feedsoft.ai/events/11471-yuan-holds-up-as-risk-off-lifts-the-dollar-finimize.md) | +0.3% | -0.8% |
| 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 | 2018-04-23 | [Rand hits 3-month low on soaring dollar - Moneyweb](https://feedsoft.ai/events/65802-rand-hits-3-month-low-on-soaring-dollar-moneyweb.md) | +0.9% | +3.3% |

## Sources

- finimize.com: https://finimize.com/content/yuan-hits-six-month-low-amid-dollar-surge

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