# Dollar steadies, yuan slips after central bank moves to limit gains | Financial Post

> The dollar hovered near five-month lows on June 1 as commodity currencies gained on rising oil prices tied to expected fuel demand. The dollar index stayed below 90 after US inflation posted its biggest annual rise since 1992, and the euro held near $1.2223.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46819-dollar-steadies-yuan-slips-after-central-bank-moves-to-limit-gains-financial
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities, including grains and oilseeds, but the move here is modest and mostly reflects FX positioning.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-11 | [Dollar loses shine, yuan jumps after China modifies COVID protocol \| Financial Post](https://feedsoft.ai/events/8207-dollar-loses-shine-yuan-jumps-after-china-modifies-covid-protocol-financial-post.md) | -0.7% | -1.6% |
| DXY | 2022-11-08 | [Dollar slips as German bund yields strengthen euro \| Financial Post](https://feedsoft.ai/events/8201-dollar-slips-as-german-bund-yields-strengthen-euro-financial-post.md) | -2.6% | -2.8% |
| DXY | 2022-11-01 | [Dollar droops amid improved risk mood before Fed; Aussie pares gain after RBA \| Financial Post](https://feedsoft.ai/events/38926-dollar-droops-amid-improved-risk-mood-before-fed-aussie-pares-gain-after-rba.md) | -1.0% | -3.2% |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |
| DXY | 2021-01-04 | [Yuan starts 2021 with brisk gains as traders clear key hurdles \| Financial Post](https://feedsoft.ai/events/12070-yuan-starts-2021-with-brisk-gains-as-traders-clear-key-hurdles-financial-post.md) | -0.0% | +0.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-steadies-yuan-slips-after-central-bank-moves-to-limit-gains

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