# Fisher: Why U.S. Rate Hikes Won’t Whack the Yuan — or Chinese Stocks - Caixin Global

> Ken Fisher argues that Fed rate hikes will not necessarily push the yuan lower or drive capital out of Chinese stocks. He notes China's large dollar reserves from trade insulate it from dollar moves.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/42931-fisher-why-u-s-rate-hikes-won-t-whack-the-yuan-or-chinese-stocks-caixin-global
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of a stable yuan under Fed tightening reduce the risk of a sharp currency shock to China's feed import budget, though this is opinion rather than news.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-12-13 | [The Yuan: Key Factors to Watch in 2019 - Caixin Global](https://feedsoft.ai/events/61796-the-yuan-key-factors-to-watch-in-2019-caixin-global.md) | +0.2% | -1.7% |
| USDCNY | 2024-07-23 | [China’s yuan steady following rate cuts, eyes on U.S. data - The Pound Hub](https://feedsoft.ai/events/29507-china-s-yuan-steady-following-rate-cuts-eyes-on-u-s-data-the-pound-hub.md) | -0.2% | -1.8% |
| USDCNY | 2018-08-28 | [Why China’s Yuan Will Struggle to Rally Further    - WSJ](https://feedsoft.ai/events/63745-why-china-s-yuan-will-struggle-to-rally-further-wsj.md) | +0.4% | +0.7% |
| USDCNY | 2018-05-10 | [Opinion: Why China’s Currency Is Becoming a Safe Haven - Caixin Global](https://feedsoft.ai/events/65236-opinion-why-china-s-currency-is-becoming-a-safe-haven-caixin-global.md) | +0.2% | +0.5% |
| USDCNY | 2022-11-07 | [PBOC Ends Stronger-Than-Expected Yuan Fixings Amid Covid Bets - Caixin Global](https://feedsoft.ai/events/38904-pboc-ends-stronger-than-expected-yuan-fixings-amid-covid-bets-caixin-global.md) | -3.1% | -4.2% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2022-02-23/fisher-why-us-rate-hikes-wont-whack-the-yuan-or-chinese-stocks-101845778.html

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