# China's yuan dips as Xinjiang sanctions crimp risk sentiment | Financial Post

> The yuan weakened on March 23 after Western governments imposed sanctions on Chinese officials over human rights abuses in Xinjiang, and China retaliated. The dollar stayed near recent highs as a firming US recovery lifted yields.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: geopolitics · region China · magnitude low
- Page: https://feedsoft.ai/events/48337-china-s-yuan-dips-as-xinjiang-sanctions-crimp-risk-sentiment-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Sanctions-driven risk aversion weakens the yuan and could affect China's trade relations, a modest factor for import demand for US and other feed commodities.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-11-16 | [China’s yuan slips from 2-month high as blast in Poland hurts sentiment - Markets - Business Recorder](https://feedsoft.ai/events/38903-china-s-yuan-slips-from-2-month-high-as-blast-in-poland-hurts-sentiment-markets.md) | +1.3% | -1.3% |
| USDCNY | 2020-05-27 | [Yuan slumps to 9-mth low on Sino-U.S. tensions, corporate dollar demand \| Financial Post](https://feedsoft.ai/events/53377-yuan-slumps-to-9-mth-low-on-sino-u-s-tensions-corporate-dollar-demand-financial.md) | -0.5% | -1.1% |
| USDCNY | 2026-03-12 | [Yuan Slips As Middle East Tensions Keep The Dollar On Top - Finimize](https://feedsoft.ai/events/11680-yuan-slips-as-middle-east-tensions-keep-the-dollar-on-top-finimize.md) | +0.1% | -0.5% |
| USDCNY | 2020-05-25 | [As tensions with US boil, China hints at weaker yuan - Nikkei Asia](https://feedsoft.ai/events/53378-as-tensions-with-us-boil-china-hints-at-weaker-yuan-nikkei-asia.md) | -0.0% | -0.8% |
| USDCNY | 2022-04-25 | [China Lockdown Angst Rips Through Markets; CSI 300 Stocks, Yuan (CNY/USD) Plunge - Bloomberg](https://feedsoft.ai/events/7338-china-lockdown-angst-rips-through-markets-csi-300-stocks-yuan-cny-usd-plunge.md) | +1.6% | +2.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chinas-yuan-dips-as-xinjiang-sanctions-crimp-risk-sentiment

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