# China adjusts CFETS index basket, cutting dollar weighting | Reuters

> China adjusted the composition of its CFETS currency index basket, reducing the weighting given to the US dollar. The text provided is limited to the headline and the site navigation, so no further detail is available.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/55799-china-adjusts-cfets-index-basket-cutting-dollar-weighting-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A lower dollar weight in the yuan basket can ease the managed yuan's link to the dollar, which may influence USD/CNY and sentiment toward Chinese import demand for feed commodities. The effect on prices is likely small.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-08-18 | [Dollar set for fifth straight week of gains as China stays top of mind \| Reuters](https://feedsoft.ai/events/34806-dollar-set-for-fifth-straight-week-of-gains-as-china-stays-top-of-mind-reuters.md) | -0.2% | -0.2% |
| USDCNY | 2025-04-29 | [China ramps up global yuan push, seizing on retreating dollar \| Reuters](https://feedsoft.ai/events/25348-china-ramps-up-global-yuan-push-seizing-on-retreating-dollar-reuters.md) | -0.3% | -1.4% |
| USDCNY | 2018-10-30 | [Major Chinese banks seen swapping yuan for dollars in forwards: traders \| Reuters](https://feedsoft.ai/events/62767-major-chinese-banks-seen-swapping-yuan-for-dollars-in-forwards-traders-reuters.md) | -0.5% | -0.1% |
| USDCNY | 2021-07-28 | [Havens favoured as China jitters persist; dollar waits for Fed - Markets - Business Recorder](https://feedsoft.ai/events/45976-havens-favoured-as-china-jitters-persist-dollar-waits-for-fed-markets-business.md) | -0.6% | -0.6% |
| USDCNY | 2023-05-22 | [Dollar gains against yen as Fed policy and debt ceiling in focus - Reuters](https://feedsoft.ai/events/36140-dollar-gains-against-yen-as-fed-policy-and-debt-ceiling-in-focus-reuters.md) | +0.8% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-yuan-index/china-adjusts-cfets-index-basket-cutting-dollar-weighting-idUSKBN1YZ0OJ/

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