# 【Financial Str. Release】Chinese yuan weakens to nearly 4M low amid rising risk aversion sentiment Tue. - Xinhua Silk Road

> The Chinese yuan weakened to its lowest level against the dollar since April on Tuesday, with the onshore rate down more than 200 pips. Analysts linked the move to rising risk aversion, a firmer U.S. dollar index above 93 and falling U.S. 10-year yields.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/46287-financial-str-release-chinese-yuan-weakens-to-nearly-4m-low-amid-rising-risk
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar strength and yuan weakness raise the cost of dollar-denominated commodity imports for China. The effect on feed prices is indirect and depends on whether the move extends.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-12-09 | [Chinese yuan weakens to 7.0405 against USD Monday_Xinhua Finance Agency](https://feedsoft.ai/events/8446-chinese-yuan-weakens-to-7-0405-against-usd-monday-xinhua-finance-agency.md) | -0.6% | -1.3% |
| USDCNY | 2020-06-29 | [Chinese yuan weakens to 7.0808 against USD Monday_Xinhua Finance Agency](https://feedsoft.ai/events/52827-chinese-yuan-weakens-to-7-0808-against-usd-monday-xinhua-finance-agency.md) | -0.9% | -1.2% |
| USDCNY | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | +1.8% | -0.2% |
| USDCNY | 2020-02-03 | [China's yuan weakens but falling yen points to risk recovery](https://feedsoft.ai/events/5135-china-s-yuan-weakens-but-falling-yen-points-to-risk-recovery.md) | +1.2% | +0.6% |
| USDCNY | 2020-05-28 | [The Chinese yuan could weaken to 7.40 per dollar amid US-China tensions](https://feedsoft.ai/events/53379-the-chinese-yuan-could-weaken-to-7-40-per-dollar-amid-us-china-tensions.md) | -0.8% | -1.3% |
| DXY | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | +0.8% | -1.3% |
| DXY | 2020-09-23 | [C$ hits 6-week low as COVID-19 sparks 'tsunami of risk aversion' \| Financial Post](https://feedsoft.ai/events/51347-c-hits-6-week-low-as-covid-19-sparks-tsunami-of-risk-aversion-financial-post.md) | +0.8% | -1.4% |
| DXY | 2022-09-28 | [China's yuan ends at weakest since global financial crisis, hits record low offshore \| Reuters](https://feedsoft.ai/events/7206-china-s-yuan-ends-at-weakest-since-global-financial-crisis-hits-record-low.md) | -1.8% | -1.5% |

## Sources

- en.imsilkroad.com: https://en.imsilkroad.com/p/322952.html

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