# Yuan rate shows why dovish Fed may eventually benefit the dollar - CGTN

> The PBOC weakened the yuan's daily fixing by 0.62% after the Spring Festival, its largest move since July 2018. The author argues that a dovish Fed may ultimately benefit the dollar, since many central banks face pressure to ease policy.

- Date: 2019-02-11 · published 2019-02-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/60813-yuan-rate-shows-why-dovish-fed-may-eventually-benefit-the-dollar-cgtn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan fixing raises the dollar cost of Chinese imports, which can slow purchases of US commodities priced in dollars.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.2% | +0.3% |
| USDCNY | 2018-11-01 | [China to defend 7 yuan per dollar rate, but may find it tough: Reuters poll](https://feedsoft.ai/events/62264-china-to-defend-7-yuan-per-dollar-rate-but-may-find-it-tough-reuters-poll.md) | -0.8% | -0.3% |
| USDCNY | 2018-08-24 | [The Fed's 'Super Dollar': How Much Longer?](https://feedsoft.ai/events/63694-the-fed-s-super-dollar-how-much-longer.md) | -0.5% | -0.3% |
| USDCNY | 2024-05-08 | [China’s yuan slips as hawkish Fed comments boost dollar - Markets - Business Recorder](https://feedsoft.ai/events/5869-china-s-yuan-slips-as-hawkish-fed-comments-boost-dollar-markets-business.md) | +0.2% | +0.4% |
| USDCNY | 2022-08-29 | [China's Yuan Drops Below Key 6.9 USD Mark on Fed Rate Stance](https://feedsoft.ai/events/40260-china-s-yuan-drops-below-key-6-9-usd-mark-on-fed-rate-stance.md) | +0.4% | +3.9% |

## Sources

- news.cgtn.com: https://news.cgtn.com/news/3d3d514f34456a4e32457a6333566d54/index.html

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