# Yuan hovers around one-month low, set for biggest weekly drop since Sept - Markets - Business Recorder

> The yuan hovered near a one-month low against the dollar and was on track for its largest weekly decline since September. The move followed a rebound in the dollar after Fed officials projected earlier rate hikes.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/7121-yuan-hovers-around-one-month-low-set-for-biggest-weekly-drop-since-sept-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The weekly yuan drop tracks dollar strength driven by the Fed, which makes dollar-priced feed imports costlier for China and can weigh on export demand for U.S. commodities.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2021-06-23 | 5 | +1.2% | 2.9 | The yuan's largest weekly drop since September, following the dollar rebound after the Fed's signal, closely matches the 5-day move. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40101167

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