# Yuan falls to near 6-month low as global coronavirus fears grow  - CGTN

> The onshore yuan fell to 7.1283 per dollar, its weakest since early October, after a White House warning on a prolonged coronavirus outbreak drove investors into the dollar. The dollar index was up about 0.1% near 99.6. Factories in China are reopening, but global demand is collapsing as more countries impose lockdowns.

- Date: 2020-04-02 · published 2020-04-02T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/53875-yuan-falls-to-near-6-month-low-as-global-coronavirus-fears-grow-cgtn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and weaker yuan make US commodity exports dearer for Chinese buyers, which can soften demand for US feed grains and soymeal. Risk-off flows also pressure commodity prices broadly.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2016-06-24 | [Chinese yuan falls to more than 5-year low on Brexit fears](https://feedsoft.ai/events/10881-chinese-yuan-falls-to-more-than-5-year-low-on-brexit-fears.md) | +1.1% | +1.6% |
| 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% |
| USDCNY | 2022-04-20 | [Chinese Yuan Extends Drop to Six-Month Low as U.S. Yields Rise - Caixin Global](https://feedsoft.ai/events/4946-chinese-yuan-extends-drop-to-six-month-low-as-u-s-yields-rise-caixin-global.md) | +2.5% | +5.4% |
| USDCNY | 2022-10-22 | [Yuan Falls to Lowest Level Since 2008 on Hawkish Fed and Growth Risks - Caixin Global](https://feedsoft.ai/events/6934-yuan-falls-to-lowest-level-since-2008-on-hawkish-fed-and-growth-risks-caixin.md) | +0.1% | -1.0% |
| USDCNY | 2020-02-20 | [Yuan falls to over 2-month low as China cuts lending benchmark \| Financial Post](https://feedsoft.ai/events/54795-yuan-falls-to-over-2-month-low-as-china-cuts-lending-benchmark-financial-post.md) | +0.3% | +0.7% |
| DXY | 2023-02-17 | [S.Korean won near 2-month low as US data fans Fed hike views - KED Global](https://feedsoft.ai/events/37544-s-korean-won-near-2-month-low-as-us-data-fans-fed-hike-views-ked-global.md) | +0.9% | +0.9% |
| DXY | 2022-04-20 | [Chinese Yuan Extends Drop to Six-Month Low as U.S. Yields Rise - Caixin Global](https://feedsoft.ai/events/4946-chinese-yuan-extends-drop-to-six-month-low-as-u-s-yields-rise-caixin-global.md) | +1.6% | +2.4% |
| 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% |

## Sources

- news.cgtn.com: https://news.cgtn.com/news/2020-04-02/Yuan-falls-to-near-6-month-low-as-global-coronavirus-fears-grow--Pmop7ysWYM/index.html

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