# Dollar gains on upbeat manufacturing data, virus threats cap yuan | The Business Standard

> The dollar index rose 0.44% on Monday, its biggest gain of the year, after the ISM reported unexpected US factory activity growth in January following five months of contraction. Concerns over the coronavirus outbreak kept the yuan and Australian dollar subdued.

- Date: 2020-02-04 · published 2020-02-04T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5140-dollar-gains-on-upbeat-manufacturing-data-virus-threats-cap-yuan-the-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger dollar on upbeat US manufacturing data lowers the dollar price of US commodity exports and firms import-dependent currencies. The effect on feed grain prices is modest.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2020-02-03 | 1 | +1.5% | 7.3 | Stronger US dollar after upbeat ISM data and virus concerns capping yuan contributed to the dollar-side move on Feb 3. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-26 | [Wheat extends losses on better US crop outlook, firmer dollar - Markets - Business Recorder](https://feedsoft.ai/events/11777-wheat-extends-losses-on-better-us-crop-outlook-firmer-dollar-markets-business.md) | -0.0% | +1.1% |
| DXY | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | -0.2% | -0.4% |
| DXY | 2016-11-15 | [Dollar hovers at 11-month high after upbeat U.S. data](https://feedsoft.ai/events/7744-dollar-hovers-at-11-month-high-after-upbeat-u-s-data.md) | +0.2% | -0.4% |
| DXY | 2024-06-05 | [US dollar rises as strong service sector data muddles Fed easing this year](https://feedsoft.ai/events/8478-us-dollar-rises-as-strong-service-sector-data-muddles-fed-easing-this-year.md) | +1.1% | +0.9% |
| DXY | 2023-02-06 | [Australia, NZ dollars nurse heavy losses after hot U.S. jobs data; RBA next up - Markets - Business Recorder](https://feedsoft.ai/events/37591-australia-nz-dollars-nurse-heavy-losses-after-hot-u-s-jobs-data-rba-next-up.md) | +0.5% | +0.8% |
| USDCNY | 2023-05-31 | [China's factory activity falls faster than expected as recovery stumbles \| Reuters](https://feedsoft.ai/events/36174-china-s-factory-activity-falls-faster-than-expected-as-recovery-stumbles-reuters.md) | +0.6% | +2.3% |

## Sources

- tbsnews.net: https://www.tbsnews.net/international/global-economy/dollar-gains-upbeat-manufacturing-data-virus-threats-cap-yuan-41759

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