# EMERGING MARKETS-Fading dollar lifts emerging assets, China's yuan shines

> Emerging-market stocks gained and several currencies strengthened as the Chinese yuan rose above 6.5 per dollar for the first time since May 2016. Risk appetite improved after the US debt ceiling deal and fading prospects of a Fed rate hike, with Fed Vice Chair Stanley Fischer set to step down.

- Date: 2017-09-07 · published 2017-09-07T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/7797-emerging-markets-fading-dollar-lifts-emerging-assets-china-s-yuan-shines
- 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 dollar and firmer Asian currencies ease financing conditions for emerging economies, which can support import demand for feed ingredients. The move is a routine currency-driven market wrap with limited direct effect on feed prices.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2017-09-08 | 5 | -1.7% | -3.6 | A fading dollar and the US debt ceiling deal reduced Fed hike prospects, and the yuan broke above 6.5 per dollar, so USD weakness fed directly into the CNY drop in USD terms. |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-fading-dollar-lifts-091845577.html

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