In Global Currency Game, China Is Losing to U.S.

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.

• Mar 1, 2026What can China do to slow down its rising currency?+0.6%
• Dec 30, 2016Yuan Strengthens after China Announces Plans to Expand Currency Basket - Caixin Global-0.5%
• Jan 21, 2022Encouraging GDP Data, Strong Exports Sustain Chinese Currency’s Bull Run - Caixin Global+0.4%
• Sep 29, 2020China is attracting global investors' attention, boosting the yuan-0.3%
• Aug 23, 2024After battle with yuan bears, China is now keen to avoid sharp currency gains-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.

• Jul 29, 2020Is the US dollar losing its clout as the world's reserve currency?+0.4%
• Jun 22, 2021Global Currency Outlook - Summer 2021-0.7%
• May 25, 2021Floundering dollar falls to bottom of global currency heap-0.4%
• Jul 27, 2020The US-China Conflict Makes The Rupiah The Strongest Currency In The Asia Pacific-0.8%
• Jun 19, 2019Asia markets: The Fed, US-China trade, currencies in focus-1.1%