# China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times

> The yuan weakened against the dollar on Friday, October 27, after the PBOC set its midpoint at 6.6473, the weakest fixing since October 9. The move followed a rise in the dollar index to 94.774, and the yuan was on course for a second weekly loss.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business
- 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 weaker yuan raises the cost of US and Brazilian feed commodities for Chinese buyers, which can slow purchases. The dollar strength also weighs on dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | +0.6% | +2.2% |
| USDCNY | 2021-03-26 | [China yuan firms but poised for 6th week of losses on dollar strength, China-West tensions](https://feedsoft.ai/events/48333-china-yuan-firms-but-poised-for-6th-week-of-losses-on-dollar-strength-china.md) | +0.3% | -0.8% |
| USDCNY | 2023-03-08 | [China's yuan weakens to 2-month low, with key 7-per-dollar level in sight  - The Business Times](https://feedsoft.ai/events/37091-china-s-yuan-weakens-to-2-month-low-with-key-7-per-dollar-level-in-sight-the.md) | -1.3% | -1.2% |
| USDCNY | 2023-06-21 | [China's yuan dips to 7-month low on lack of stimulus news, dollar strength \| The Business Standard](https://feedsoft.ai/events/11236-china-s-yuan-dips-to-7-month-low-on-lack-of-stimulus-news-dollar-strength-the.md) | +0.5% | +0.6% |
| 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% |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 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) | +0.8% | -0.9% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-yuan-weakens-us-dollar-strength-set-2nd-weekly-loss

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