# Pace of China’s sale of US Treasurys in focus as the yuan plumbs new lows

> Official data show China has steadily sold US Treasurys this year, with attention on the pace of those sales. The offshore yuan touched a record low of 6.9441 per dollar on Wednesday. The dollar index closed at 101.67, its highest since January 2003, as markets priced in a Fed rate hike in December.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/74063-pace-of-china-s-sale-of-us-treasurys-in-focus-as-the-yuan-plumbs-new-lows
- 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 stronger dollar and a weaker yuan raise the cost of dollar-priced grain and oilseed imports for emerging-market buyers and reduce their purchasing power. Expectations of Fed tightening add to the upward pressure on the dollar, which tends to weigh on US commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-05-01 | [Yuan falls to 2007 lows as US tariffs on China kick in](https://feedsoft.ai/events/25346-yuan-falls-to-2007-lows-as-us-tariffs-on-china-kick-in.md) | -0.6% | -1.2% |
| USDCNY | 2024-07-09 | [China’s yuan slides on weaker guidance; Powell testimony in focus - The Pound Hub](https://feedsoft.ai/events/12302-china-s-yuan-slides-on-weaker-guidance-powell-testimony-in-focus-the-pound-hub.md) | -0.1% | -1.9% |
| USDCNY | 2022-09-28 | [China's yuan slides to 14-year low after US rate hikes \| AP News](https://feedsoft.ai/events/8604-china-s-yuan-slides-to-14-year-low-after-us-rate-hikes-ap-news.md) | -0.9% | -0.1% |
| USDCNY | 2016-12-19 | [China outflows rising in both yuan payments, forex: Goldman Sachs - The Business Times](https://feedsoft.ai/events/73698-china-outflows-rising-in-both-yuan-payments-forex-goldman-sachs-the-business.md) | -0.2% | -1.8% |
| 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 | 2020-07-31 | [USD/JPY is in the middle of big reversal as Treasury yields rebound](https://feedsoft.ai/events/52344-usd-jpy-is-in-the-middle-of-big-reversal-as-treasury-yields-rebound.md) | -0.3% | -0.6% |
| DXY | 2023-05-18 | [As China's yuan drops through 7 again, the dollar is in the driver's seat](https://feedsoft.ai/events/36175-as-china-s-yuan-drops-through-7-again-the-dollar-is-in-the-driver-s-seat.md) | +0.7% | -0.9% |
| DXY | 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) | -1.0% | -1.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2016/11/23/pace-of-chinas-sale-of-us-treasurys-in-focus-as-the-yuan-plumbs-new-lows.html

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