# Dollar weighed by soggy consumer sentiment; Chinese data hurts Aussie | Reuters

> The dollar held near a one-week low on August 16 after weak US consumer confidence reduced bets on an early Fed tightening. Disappointing Chinese economic data weakened the yuan and the Australian dollar.

- Date: 2021-08-16 · published 2021-08-16T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45756-dollar-weighed-by-soggy-consumer-sentiment-chinese-data-hurts-aussie-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weaker Chinese data points to softer Chinese demand for imported commodities, which is bearish for prices. A weaker yuan can also reduce China's purchasing power for imports.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-10-21 | [Dollar dips as traders wait on Fed; Aussie gains By Reuters](https://feedsoft.ai/events/650-dollar-dips-as-traders-wait-on-fed-aussie-gains-by-reuters.md) | +0.5% | — |
| DXY | 2023-06-30 | [Dollar softer after PCE, consumer spending data](https://feedsoft.ai/events/35667-dollar-softer-after-pce-consumer-spending-data.md) | -0.4% | -1.5% |
| DXY | 2023-11-01 | [Yen rises after Japan ramps up intervention warning; US data weighs on dollar By Reuters](https://feedsoft.ai/events/33398-yen-rises-after-japan-ramps-up-intervention-warning-us-data-weighs-on-dollar-by.md) | -1.4% | -2.9% |
| DXY | 2025-11-06 | [Dollar weakens amid soft labor US data \| Reuters](https://feedsoft.ai/events/22157-dollar-weakens-amid-soft-labor-us-data-reuters.md) | -0.9% | -1.0% |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |
| USDCNY | 2016-12-29 | [China expands CFETS index basket, yuan seen weakening vs. dollar By Reuters](https://feedsoft.ai/events/73681-china-expands-cfets-index-basket-yuan-seen-weakening-vs-dollar-by-reuters.md) | -1.0% | -1.1% |
| USDCNY | 2024-07-27 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound \| FX Blue](https://feedsoft.ai/events/9350-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -1.2% | -1.7% |
| USDCNY | 2024-07-10 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound - VT Markets](https://feedsoft.ai/events/12298-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -0.1% | -1.6% |

## Sources

- reuters.com: https://www.reuters.com/business/dollar-weighed-by-soggy-consumer-sentiment-chinese-data-hurts-aussie-2021-08-16/

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