# China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder

> The onshore yuan fell to a one-week low of 6.7690 per dollar as the dollar strengthened on rising bets that the Federal Reserve will hike rates later this year. The Fed held rates at 3.50%-3.75%, and fed funds futures priced an 83% chance of a December tightening. The PBOC set its midpoint weaker than expected at 6.8130.

- Date: 2026-06-18 · published 2026-06-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Higher US rate expectations strengthen the dollar and raise the cost of dollar-denominated imports for emerging-market feed buyers, a bearish backdrop for dollar-priced commodities.

## Read by commodity

- CSM: bullish ▲
- DXY: bullish ▲
- USDCNY: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2026-06-24 | 5 | +0.8% | 3.9 | Yuan weakening to a one-week low on a stronger dollar and Fed hike bets (83% December tightening odds) directly lifted CNY per USD late in the window, consistent with a 0.81% move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-04-03 | [Palm posts biggest jump in two months after crude oil rally - Markets - Business Recorder](https://feedsoft.ai/events/36512-palm-posts-biggest-jump-in-two-months-after-crude-oil-rally-markets-business.md) | -2.6% | -15.2% |
| PALMOIL | 2017-06-07 | [Malaysian ringgit to rally to eight-month high, top banker says - The Business Times](https://feedsoft.ai/events/70761-malaysian-ringgit-to-rally-to-eight-month-high-top-banker-says-the-business.md) | -2.0% | +0.6% |
| PALMOIL | 2018-02-28 | [Palm oil rises to seven-week top on weaker ringgit \| The Star](https://feedsoft.ai/events/10366-palm-oil-rises-to-seven-week-top-on-weaker-ringgit-the-star.md) | -0.9% | -2.6% |
| PALMOIL | 2022-08-11 | [IDR/USD: Indonesia’s Rupiah Seen Rising to One-Year High as Funds Return - Bloomberg](https://feedsoft.ai/events/40339-idr-usd-indonesia-s-rupiah-seen-rising-to-one-year-high-as-funds-return.md) | +1.5% | -11.2% |
| PALMOIL | 2021-09-19 | [Ringgit expected to stabilise against the dollar this week](https://feedsoft.ai/events/45320-ringgit-expected-to-stabilise-against-the-dollar-this-week.md) | +1.0% | +12.6% |
| DXY | 2021-01-11 | [China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/49365-china-s-yuan-eases-to-1-week-low-to-reflect-dollar-rebound-markets-business.md) | +0.2% | +0.4% |
| DXY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +1.0% | +2.9% |
| 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

- brecorder.com: https://www.brecorder.com/news/40426147
- dawn.com: https://www.dawn.com/news/2009817

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