# Dollar/yuan swap points jump on expectations of widening yield gap between China and U.S. - Markets - Business Recorder

> One-year onshore dollar/yuan swap points rose to 860 on June 2, the highest since March 16, while offshore points hit 1,200. The move reflected expectations of a widening yield gap between China and the US after the PBOC's plan to buy back bank loans.

- Date: 2020-06-02 · published 2020-06-02T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/52831-dollar-yuan-swap-points-jump-on-expectations-of-widening-yield-gap-between
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

This is a currency forward-market move with no direct effect on grain supply or demand, so its impact on feed commodity prices is negligible.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +0.1% | +0.2% |
| USDCNY | 2021-03-24 | [China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder](https://feedsoft.ai/events/48336-china-s-yuan-slips-on-dollar-strength-sino-west-tensions-markets-business.md) | +0.9% | -0.3% |
| USDCNY | 2025-05-14 | [China’s yuan falls from six-month peak on rising dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/24887-china-s-yuan-falls-from-six-month-peak-on-rising-dollar-demand-markets-business.md) | +0.2% | -0.2% |
| USDCNY | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | +0.6% | +0.3% |
| USDCNY | 2021-01-11 | [China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/49365-china-s-yuan-eases-to-1-week-low-to-reflect-dollar-rebound-markets-business.md) | +0.1% | -0.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/1000721

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