# Dollar stalls, yuan hits 6-year low on Chinese trade dip

> The yuan hit a six-year low against the dollar on weak Chinese trade data while the broader dollar rally stalled. The offshore yuan was pushed lower after China had earlier halted a run on its currency by selling dollar reserves and raising offshore yuan interest rates. The move highlighted continued pressure on the currency.

- Date: 2016-10-13 · published 2016-10-13T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/5888-dollar-stalls-yuan-hits-6-year-low-on-chinese-trade-dip
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Yuan weakness tends to reduce Chinese purchasing power for imported soybeans, corn and meal, which can soften import demand and pressure prices. A soft trade print also signals slower Chinese feed demand.

## Read by commodity

- DXY: neutral
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2016-10-17 | 5 | +1.0% | 2.8 | Weak Chinese trade data pushed the yuan to a six-year low, adding to depreciation pressure within the window even as the PBoC intervened. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2024-12-03 | [CNY/USD: China’s Yuan Falls to One-Year Low on Tariff Risk, Dollar Gains - Bloomberg](https://feedsoft.ai/events/27168-cny-usd-china-s-yuan-falls-to-one-year-low-on-tariff-risk-dollar-gains-bloomberg.md) | -0.2% | +0.4% |
| USDCNY | 2022-09-28 | [Chinese yuan: Currency hits record lows against US dollar - BBC News](https://feedsoft.ai/events/7208-chinese-yuan-currency-hits-record-lows-against-us-dollar-bbc-news.md) | -0.9% | -0.1% |
| USDCNY | 2026-03-27 | [China's yuan falls to near 3-week low as safe-haven demand lifts dollar \| The Star](https://feedsoft.ai/events/20386-china-s-yuan-falls-to-near-3-week-low-as-safe-haven-demand-lifts-dollar-the-star.md) | -0.4% | -1.2% |
| DXY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.6% | -0.6% |
| DXY | 2025-07-28 | [Sterling bounces off two-year low on euro, soft on dollar](https://feedsoft.ai/events/24026-sterling-bounces-off-two-year-low-on-euro-soft-on-dollar.md) | +1.0% | +0.2% |
| DXY | 2023-11-13 | [Dollar slips after hitting one-year high against yen](https://feedsoft.ai/events/33396-dollar-slips-after-hitting-one-year-high-against-yen.md) | -1.0% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUSL8N1CJ3GK/?feedName=usDollarRpt&feedType=RSS

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