# Dollar drops as rate-hike bets profilerate elsewhere, yuan hits 4-mth peak

> The dollar fell as rate-hike bets grew in other economies, while the yuan reached a four-month peak. Fears of contagion from China Evergrande's debt problems eased after some peers made bond coupon payments. Policymakers had said the situation was under control.

- Date: 2021-10-19 · published 2021-10-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/7483-dollar-drops-as-rate-hike-bets-profilerate-elsewhere-yuan-hits-4-mth-peak
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker dollar tends to support dollar-denominated commodity prices, including grains and oilseeds. Easing Chinese property stress also improves the outlook for Chinese feed demand.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2021-10-19 | 1 | -0.7% | -4.2 | A weaker dollar on rate-hike bets elsewhere together with easing Evergrande fears pushed the yuan to a four-month peak on the same day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-18 | [Dollar retreats as rate hike bets ease](https://feedsoft.ai/events/40684-dollar-retreats-as-rate-hike-bets-ease.md) | -0.8% | -2.0% |
| DXY | 2023-08-01 | [Gold scales 1-month peak as dollar, yields drop on rate-hike pause hopes](https://feedsoft.ai/events/34959-gold-scales-1-month-peak-as-dollar-yields-drop-on-rate-hike-pause-hopes.md) | +1.1% | +2.1% |
| DXY | 2018-02-22 | [Mexico peso firms on rate hike bets, weaker U.S. dollar](https://feedsoft.ai/events/66711-mexico-peso-firms-on-rate-hike-bets-weaker-u-s-dollar.md) | +0.5% | -0.1% |
| DXY | 2024-08-02 | [Dollar hits four-month low as weak US jobs data boosts rate cut bets](https://feedsoft.ai/events/9285-dollar-hits-four-month-low-as-weak-us-jobs-data-boosts-rate-cut-bets.md) | -0.3% | -1.3% |
| DXY | 2023-11-24 | [Dollar slips on bets US rates have peaked](https://feedsoft.ai/events/33363-dollar-slips-on-bets-us-rates-have-peaked.md) | -0.4% | -1.1% |
| USDCNY | 2026-10-12 | [Yuan holds near 3-1/2-year high against dollar as rate bets ease - Markets - Business Recorder](https://feedsoft.ai/events/17258-yuan-holds-near-3-1-2-year-high-against-dollar-as-rate-bets-ease-markets.md) | -0.2% | — |
| USDCNY | 2026-01-28 | [Yuan hits fresh 32-month high as dollar tumbles, PBOC boosts guidance \| MarketScreener](https://feedsoft.ai/events/21277-yuan-hits-fresh-32-month-high-as-dollar-tumbles-pboc-boosts-guidance.md) | -0.2% | -1.2% |
| USDCNY | 2026-07-30 | [CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg](https://feedsoft.ai/events/18568-cny-usd-yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed.md) | -0.3% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/business/safe-haven-dollar-sinks-asian-equities-rally-aussie-yuan-jump-2021-10-19/

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