# Chinese Yuan Extends Drop to Six-Month Low as U.S. Yields Rise - Caixin Global

> The yuan fell to a six-month low against the dollar as U.S. Treasury yields rose. The offshore yuan weakened as much as 0.7% to 6.4230 per dollar amid concern about China's growth and lockdowns.

- Date: 2022-04-20 · published 2022-04-20T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/4946-chinese-yuan-extends-drop-to-six-month-low-as-u-s-yields-rise-caixin-global
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Rising U.S. yields support the dollar, which pressures commodity prices quoted in dollars. Lockdown-driven growth fears also point to weaker Chinese feed demand.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2022-04-25 | 5 | +3.1% | 8.1 | Yuan fell to a six-month low as rising U.S. yields and China growth concerns widened the dollar's advantage, starting the slide. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-04-02 | [Yuan falls to near 6-month low as global coronavirus fears grow  - CGTN](https://feedsoft.ai/events/53875-yuan-falls-to-near-6-month-low-as-global-coronavirus-fears-grow-cgtn.md) | -0.5% | -0.8% |
| DXY | 2024-11-13 | [Gold extends fall as dollar, Treasury yields rise](https://feedsoft.ai/events/27333-gold-extends-fall-as-dollar-treasury-yields-rise.md) | -0.3% | +0.1% |
| DXY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.6% | +1.3% |
| DXY | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | +2.3% | +2.8% |
| USDCNY | 2022-05-13 | [China’s yuan extends declines to new 19 month low, set for 6th weekly drop](https://feedsoft.ai/events/9859-china-s-yuan-extends-declines-to-new-19-month-low-set-for-6th-weekly-drop.md) | -1.1% | -1.1% |
| USDCNY | 2024-05-23 | [China Allows Yuan to Drop as Outflows, Dollar Test Central Bank’s Grip - Caixin Global](https://feedsoft.ai/events/30490-china-allows-yuan-to-drop-as-outflows-dollar-test-central-bank-s-grip-caixin.md) | +0.1% | +0.3% |
| USDCNY | 2024-05-29 | [Chinese yuan falls to six-month low on dollar strength - Nikkei Asia](https://feedsoft.ai/events/30488-chinese-yuan-falls-to-six-month-low-on-dollar-strength-nikkei-asia.md) | -0.1% | +0.3% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2022-04-20/chinese-yuan-extends-drop-to-six-month-low-as-us-yields-rise-101873511.html

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