# Greenback gains, Aussie tumbles after weak Chinese data – Financial Newsletter

> The US dollar rose and commodity-linked currencies including the Australian dollar fell after weak Chinese industrial output, retail sales and fixed-asset investment data. China's central bank cut key lending rates in a surprise move, and the offshore yuan weakened to its lowest since May.

- Date: 2022-08-15 · published 2022-08-15T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/40298-greenback-gains-aussie-tumbles-after-weak-chinese-data-financial-newsletter
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weak Chinese demand signals and a firmer dollar weigh on commodity prices, including feed grains and oilseeds that China imports in volume.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2022-08-14 | 1 | -10.5% | -5.2 | Weak Chinese data, a stronger US dollar and a weaker yuan reduce demand for US farm goods and weigh on commodities. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-01 | [Dollar gains on reflation trade, Aussie recovers \| Financial Post](https://feedsoft.ai/events/48359-dollar-gains-on-reflation-trade-aussie-recovers-financial-post.md) | +0.8% | +0.8% |
| DXY | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | +0.8% | -1.3% |
| DXY | 2026-09-24 | [Aussie And Kiwi Dollars Sink As US Data Lifts Greenback - Finimize](https://feedsoft.ai/events/17724-aussie-and-kiwi-dollars-sink-as-us-data-lifts-greenback-finimize.md) | +0.7% | +1.0% |
| DXY | 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) | -0.2% | -2.2% |
| DXY | 2022-05-16 | [Dollar slips from 2-decade highs; yuan falls on weak China data \| Financial Post](https://feedsoft.ai/events/9858-dollar-slips-from-2-decade-highs-yuan-falls-on-weak-china-data-financial-post.md) | -1.2% | +0.3% |
| SOY | 2022-04-15 | [Analysis-Hawkish Fed and China lockdowns threaten Brazil’s world-beating FX rally – Financial Newsletter](https://feedsoft.ai/events/42056-analysis-hawkish-fed-and-china-lockdowns-threaten-brazil-s-world-beating-fx.md) | +2.0% | +2.4% |
| SOY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | +1.4% | +5.6% |
| SOY | 2024-07-22 | [China cuts lending rates to boost economic growth following weaker Q2 GDP data](https://feedsoft.ai/events/7518-china-cuts-lending-rates-to-boost-economic-growth-following-weaker-q2-gdp-data.md) | -1.8% | -14.4% |

## Sources

- financialnewsletter.com: https://financialnewsletter.com/greenback-gains-aussie-tumbles/

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