# Dollar (USD) Rally Challenges China Recovery With Yuan (RMB) Gains - Bloomberg

> The US dollar rallied in September, while the yuan recorded its largest gain in eight months on a trade-weighted basis. The gauge tracking China's currency against 24 peers showed other currencies weakened more against the dollar than the tightly managed yuan.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45272-dollar-usd-rally-challenges-china-recovery-with-yuan-rmb-gains-bloomberg
- 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 firmer yuan modestly eases the cost of dollar-priced imports for China, but the effect on feed commodity prices is small. A stronger dollar generally pressures dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.0% | -1.1% |
| DXY | 2016-06-27 | [China Weakens Yuan Fixing by Most Since August as Dollar Surges - Bloomberg](https://feedsoft.ai/events/12454-china-weakens-yuan-fixing-by-most-since-august-as-dollar-surges-bloomberg.md) | -0.4% | +0.9% |
| DXY | 2025-02-11 | [VND/USD: Vietnam Dong Falls to Record Low Against US Dollar - Bloomberg](https://feedsoft.ai/events/26383-vnd-usd-vietnam-dong-falls-to-record-low-against-us-dollar-bloomberg.md) | -1.0% | -2.0% |
| DXY | 2025-05-18 | [IDR/USD: Indonesian Rupiah Set for Rally in Second Half on Weaker Dollar - Bloomberg](https://feedsoft.ai/events/24975-idr-usd-indonesian-rupiah-set-for-rally-in-second-half-on-weaker-dollar.md) | -1.4% | -2.4% |
| DXY | 2024-12-31 | [Dollar Gains as Fed Rate-Cut Rethink Fuels Best Year in Nine - Bloomberg](https://feedsoft.ai/events/27133-dollar-gains-as-fed-rate-cut-rethink-fuels-best-year-in-nine-bloomberg.md) | -0.2% | -0.4% |
| USDCNY | 2024-09-25 | [CNY USD: Yuan Rallies Past 7 Per Dollar After China Stimulus Measures - Bloomberg](https://feedsoft.ai/events/28551-cny-usd-yuan-rallies-past-7-per-dollar-after-china-stimulus-measures-bloomberg.md) | -0.2% | +1.3% |
| USDCNY | 2022-10-26 | [CNY/USD: Offshore Yuan Rises Most on Record as China Banks Sell Dollars - Bloomberg](https://feedsoft.ai/events/39355-cny-usd-offshore-yuan-rises-most-on-record-as-china-banks-sell-dollars-bloomberg.md) | +0.1% | -1.5% |
| USDCNY | 2018-08-24 | [PBOC Joins Forces With Powell to Hit the Brakes on Dollar Rally - Bloomberg](https://feedsoft.ai/events/10038-pboc-joins-forces-with-powell-to-hit-the-brakes-on-dollar-rally-bloomberg.md) | -0.5% | -0.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-09-30/yuan-s-surge-versus-peers-poses-risk-to-china-s-fragile-recovery

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