China's yuan rebounds from 2-month low on weak US jobs and Fed rate cut expectations

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

• Nov 13, 2024PBOC pulls China’s yuan off 3-month low with stronger-than-expected fix - Markets - Business Recorder+0.1%
• Jun 16, 2022China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder-0.2%
• Aug 13, 2019China sets yuan mid-point at fresh 11-yr low, but remains firmer than expectations | Reuters-0.1%
• Feb 24, 2025China's Yuan Hits Three-Month Highs Amid Dollar Weakness and Stock Market Gains+0.5%
• Feb 2, 2023China’s yuan jumps to over 2-week high on Fed’s dovish tilt - Markets - Business Recorder+0.7%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Nov 28, 2025Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations-0.5%
• Oct 29, 2025South African rand gains on expectations of Fed rate cut | CNBC Africa+1.0%
• Aug 2, 2024Dollar hits four-month low as weak US jobs data boosts rate cut bets-0.3%
• Jun 16, 2022China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder-0.7%
• Jul 2, 2025U.S. dollar to stay under pressure from tariff, debt and rate cut expectations+0.3%