# Havens favoured as China jitters persist; dollar waits for Fed - Markets - Business Recorder

> The dollar index sat near 92.47 as safe-haven currencies including the yen, franc and euro gained after a sharp plunge in Chinese equities. The yuan edged back from a three-month low, and sterling rose on reports Britain may open its borders.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45976-havens-favoured-as-china-jitters-persist-dollar-waits-for-fed-markets-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Risk-off sentiment from China's equity selloff could weigh on Chinese feed demand expectations and commodity sentiment, though the effect on grain prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-04-28 | [China's yuan steady as traders await Fed meet - Markets - Business Recorder](https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder.md) | +0.1% | -0.5% |
| USDCNY | 2024-09-27 | [Australia, NZ dollars energised as China optimism boosts risk, resources - Markets - Business Recorder](https://feedsoft.ai/events/28576-australia-nz-dollars-energised-as-china-optimism-boosts-risk-resources-markets.md) | +0.1% | +1.6% |
| USDCNY | 2023-02-01 | [China’s yuan steadies ahead of Fed decision - Markets - Business Recorder](https://feedsoft.ai/events/37554-china-s-yuan-steadies-ahead-of-fed-decision-markets-business-recorder.md) | +0.5% | +1.7% |
| USDCNY | 2021-10-22 | [China's yuan eases after regulator warn of possible actions to counter higher fluctuations - Markets - Business Recorder](https://feedsoft.ai/events/44778-china-s-yuan-eases-after-regulator-warn-of-possible-actions-to-counter-higher.md) | -0.0% | -0.1% |
| USDCNY | 2024-11-04 | [Yuan bounces as traders brace for US election volatility - Markets - Business Recorder](https://feedsoft.ai/events/6695-yuan-bounces-as-traders-brace-for-us-election-volatility-markets-business.md) | +0.8% | +2.3% |
| DXY | 2022-12-15 | [Dollar falters as investors challenge Fed’s hawkishnes - Markets - Business Recorder](https://feedsoft.ai/events/38421-dollar-falters-as-investors-challenge-fed-s-hawkishnes-markets-business-recorder.md) | +0.4% | -2.2% |
| DXY | 2021-08-30 | [Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder](https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets.md) | -0.7% | +0.4% |
| DXY | 2022-07-28 | [Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared - Markets - Business Recorder](https://feedsoft.ai/events/40731-dollar-hits-three-week-low-to-yen-as-fed-s-powell-less-hawkish-than-feared.md) | -0.3% | +0.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40109607

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