# China's yuan bounces from 15-year low as dollar bulls retreat | Reuters

> China's yuan rose on Tuesday, bouncing off a near 15-year low against the U.S. dollar as investors sold the safe-haven greenback and sentiment improved. Higher stock markets also supported the currency.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38900-china-s-yuan-bounces-from-15-year-low-as-dollar-bulls-retreat-reuters
- 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 yuan modestly eases the cost of dollar-priced grain and oilseed imports for China, a small supportive factor for soy demand.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-08-30 | [China state banks buying dollars amid rapid yuan gains, sources say \| Reuters](https://feedsoft.ai/events/29021-china-state-banks-buying-dollars-amid-rapid-yuan-gains-sources-say-reuters.md) | -0.1% | -1.2% |
| USDCNY | 2025-05-28 | [China Pulls Back Support as Yuan Rebounds Against Dollar  - Caixin Global](https://feedsoft.ai/events/24886-china-pulls-back-support-as-yuan-rebounds-against-dollar-caixin-global.md) | -0.1% | -0.3% |
| 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 | 2017-01-05 | [China’s offshore yuan surges most against dollar in a year](https://feedsoft.ai/events/73180-china-s-offshore-yuan-surges-most-against-dollar-in-a-year.md) | +0.1% | -1.0% |
| USDCNY | 2017-01-05 | [Yuan's surge knocks dollar as China moves on speculators](https://feedsoft.ai/events/73171-yuan-s-surge-knocks-dollar-as-china-moves-on-speculators.md) | +0.1% | -1.0% |
| DXY | 2023-08-29 | [Dollar drops on jobs data, yen rises from 10-month low \| Reuters](https://feedsoft.ai/events/34780-dollar-drops-on-jobs-data-yen-rises-from-10-month-low-reuters.md) | +0.9% | +1.8% |
| DXY | 2017-06-30 | [U.S. dollar net longs fall to lowest in about a year: CFTC, Reuters](https://feedsoft.ai/events/70701-u-s-dollar-net-longs-fall-to-lowest-in-about-a-year-cftc-reuters.md) | +0.3% | -1.9% |
| DXY | 2018-06-20 | [Dollar retreats from 11-month high; sterling rises after BOE](https://feedsoft.ai/events/64786-dollar-retreats-from-11-month-high-sterling-rises-after-boe.md) | -0.3% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/chinas-yuan-bounces-15-year-low-dollar-bulls-retreat-2022-11-01/

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