# Credit Suisse's Pozsar says commodities crisis could weaken Eurodollar, boost yuan

> Credit Suisse strategist Zoltan Pozsar says China's central bank is well placed to backstop a global commodities crisis triggered by sanctions over Russia's invasion of Ukraine. He suggests this could pave the way for a much stronger yuan.

- Date: 2022-03-08 · published 2022-03-08T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/42487-credit-suisse-s-pozsar-says-commodities-crisis-could-weaken-eurodollar-boost
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A commodities crisis tied to sanctions would raise feed input costs globally, and a stronger yuan would change China's buying power for dollar-priced grains and meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-07-15 | [China's yuan firms on weaker dollar but renewed Sino-U.S. worries cap gains \| Financial Post](https://feedsoft.ai/events/52325-china-s-yuan-firms-on-weaker-dollar-but-renewed-sino-u-s-worries-cap-gains.md) | -0.4% | -0.9% |
| USDCNY | 2022-02-24 | [China’s yuan ‘trading like a safe haven currency’ as Ukraine crisis roils markets \| South China Morning Post](https://feedsoft.ai/events/42929-china-s-yuan-trading-like-a-safe-haven-currency-as-ukraine-crisis-roils-markets.md) | +0.1% | +0.9% |
| USDCNY | 2026-06-15 | [China's yuan hits three-year high as dollar eases after US-Iran peace deal \| MarketScreener](https://feedsoft.ai/events/8411-china-s-yuan-hits-three-year-high-as-dollar-eases-after-us-iran-peace-deal.md) | +0.2% | +0.1% |
| USDCNY | 2026-06-15 | [China’s Yuan Hit A Three-Year High As The Dollar Slipped - Finimize](https://feedsoft.ai/events/8414-china-s-yuan-hit-a-three-year-high-as-the-dollar-slipped-finimize.md) | +0.2% | +0.1% |
| USDCNY | 2026-05-01 | [Onshore Yuan Advances to Three-Year High on Iran Ceasefire Boost](https://feedsoft.ai/events/19952-onshore-yuan-advances-to-three-year-high-on-iran-ceasefire-boost.md) | -0.4% | -0.9% |
| CORN | 2023-07-20 | [Grain prices rise after Russian pullout of Black Sea deal sparks food crisis fears \| Commodities \| The Guardian](https://feedsoft.ai/events/35076-grain-prices-rise-after-russian-pullout-of-black-sea-deal-sparks-food-crisis.md) | +9.4% | -7.2% |
| CORN | 2022-11-03 | [Weekly Commodities Strategy: Russia-Ukraine War, Dryness In](https://feedsoft.ai/events/7285-weekly-commodities-strategy-russia-ukraine-war-dryness-in.md) | -0.6% | -3.9% |
| CORN | 2022-04-08 | [Food commodity prices hit unprecedented highs as Ukraine crisis festers](https://feedsoft.ai/events/4042-food-commodity-prices-hit-unprecedented-highs-as-ukraine-crisis-festers.md) | -0.7% | -6.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/credit-suisses-pozsar-says-commodities-crisis-could-weaken-eurodollar-boost-yuan-2022-03-08/

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