# China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder

> China's yuan climbed to a near one-week high on June 16 after the Federal Reserve raised rates 75 basis points, its biggest hike since 1994. The dollar eased from a 20-year high after Powell's comments were seen as less hawkish.

- Date: 2022-06-16 · published 2022-06-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/41169-china-s-yuan-climbs-to-week-high-after-expected-fed-move-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker dollar after the Fed move reduces pressure on dollar-denominated commodity prices, while the yuan's firmness supports Chinese import purchasing power.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-28 | [China’s yuan touches two-week high after Fed appears less hawkish than expected - Markets - Business Recorder](https://feedsoft.ai/events/40701-china-s-yuan-touches-two-week-high-after-fed-appears-less-hawkish-than-expected.md) | -0.3% | +0.2% |
| DXY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2021-01-21 | [Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder](https://feedsoft.ai/events/49362-yuan-rises-to-1-week-high-on-weaker-dollar-tighter-cash-conditions-markets.md) | +0.6% | +0.6% |
| DXY | 2022-02-04 | [Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder](https://feedsoft.ai/events/9874-euro-climbs-after-ecb-s-ground-breaking-hawkish-turn-markets-business-recorder.md) | -0.3% | +1.5% |
| DXY | 2020-08-06 | [Sterling rises to 5-month high - Markets - Business Recorder](https://feedsoft.ai/events/51867-sterling-rises-to-5-month-high-markets-business-recorder.md) | +0.3% | -0.7% |
| USDCNY | 2022-07-28 | [China’s yuan touches two-week high after Fed appears less hawkish than expected - Markets - Business Recorder](https://feedsoft.ai/events/40701-china-s-yuan-touches-two-week-high-after-fed-appears-less-hawkish-than-expected.md) | -0.0% | +1.5% |
| USDCNY | 2023-07-31 | [China’s yuan inches higher after better-than-expected PMI data - Markets - Business Recorder](https://feedsoft.ai/events/35259-china-s-yuan-inches-higher-after-better-than-expected-pmi-data-markets-business.md) | +0.3% | +2.0% |
| USDCNY | 2023-02-02 | [China’s yuan jumps to over 2-week high on Fed’s dovish tilt - Markets - Business Recorder](https://feedsoft.ai/events/37551-china-s-yuan-jumps-to-over-2-week-high-on-fed-s-dovish-tilt-markets-business.md) | +0.7% | +2.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40180479

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