Morning Bid: China supports, peak rate haze

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.

• Jul 31, 2026China’s offshore yuan hits 3-year high as Beijing signals policy support | South China Morning Post-0.1%
• Aug 5, 2024As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom | South China Morning Post+0.1%
• Dec 1, 2022US dollar strength has ‘reached peak’, China’s central bank says, as Fed considers scaling back rate hikes | South China Morning Post-1.7%
• Nov 2, 2017People's Bank of China seen supporting yuan around Trump visit+0.3%
• Apr 1, 2018Regulator warns Chinese not to ‘gamble’ on yuan exchange rate | South China Morning Post+0.5%