# Dollar weakens as U.S. bond yields drop

> The dollar weakened on Monday as investors weighed a drop in U.S. government bond yields. The yuan fell about 0.5% to 7.199 per dollar, its lowest close since Nov. 10, amid anti-government protests across China.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Yuan weakness against the dollar tends to make Chinese feed and oilseed buyers pricier in dollar terms and can slow Chinese import demand, which is mildly bearish for soybeans and meal.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-03-09 | [China's yuan weakens, prompting dollar sales by state banks](https://feedsoft.ai/events/72221-china-s-yuan-weakens-prompting-dollar-sales-by-state-banks.md) | +0.0% | -0.3% |
| USDCNY | 2022-12-28 | [China's yuan weakens as U.S. dollar gains on sustained inflation outlook \| Financial Post](https://feedsoft.ai/events/38448-china-s-yuan-weakens-as-u-s-dollar-gains-on-sustained-inflation-outlook.md) | -1.0% | -2.4% |
| USDCNY | 2016-06-27 | [China Weakens Yuan Fixing by Most Since August as Dollar Surges - Bloomberg](https://feedsoft.ai/events/12454-china-weakens-yuan-fixing-by-most-since-august-as-dollar-surges-bloomberg.md) | +0.6% | +1.0% |
| USDCNY | 2018-05-18 | [China's yuan set to post biggest weekly fall in 3 months as dollar tracks yields higher](https://feedsoft.ai/events/65231-china-s-yuan-set-to-post-biggest-weekly-fall-in-3-months-as-dollar-tracks.md) | +0.2% | +1.2% |
| USDCNY | 2024-04-16 | [China's cycle of dollar hoarding and weakening yuan gets vicious](https://feedsoft.ai/events/30951-china-s-cycle-of-dollar-hoarding-and-weakening-yuan-gets-vicious.md) | +0.0% | -0.1% |
| DXY | 2024-02-16 | [Dollar retreats on weak US Retail Sales, bond yields slump](https://feedsoft.ai/events/31933-dollar-retreats-on-weak-us-retail-sales-bond-yields-slump.md) | -0.1% | -0.7% |
| DXY | 2019-06-21 | [Dollar extends losses to 2-week low as US bond yields fall](https://feedsoft.ai/events/7440-dollar-extends-losses-to-2-week-low-as-us-bond-yields-fall.md) | -0.1% | +0.1% |
| DXY | 2020-07-30 | [Dollar will weaken further while bond yields strengthen: Wells Fargo](https://feedsoft.ai/events/52299-dollar-will-weaken-further-while-bond-yields-strengthen-wells-fargo.md) | -0.3% | -0.5% |

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/dollar-slips-while-yuan-slumps-on-covid-unrest-in-china/

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