Yuan may rise more on weaker dollar: analysts - World

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.

• Apr 29, 2019GDP, inflows may buoy yuan - Chinadaily.com.cn+0.1%
• Dec 26, 2017China's yuan strengthens to more than 3-month high - Chinadaily.com.cn-1.3%
• Feb 1, 2019RMB gains as greenback weakens - Chinadaily.com.cn+0.7%
• Jan 21, 2021Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder+0.1%
• Oct 26, 2022CNY/USD: Offshore Yuan Rises Most on Record as China Banks Sell Dollars - Bloomberg+0.1%

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 1, 2023Dollar weaker after data burst, euro rises on ECB comments-0.3%
• Aug 18, 2017Quick Hits: Weaker Dollar May Make Fed Rate Rises More Aggressive Over Time - WSJ-0.4%
• Oct 31, 2019Euro rises as dollar weakens on questions about more Fed rate cuts-0.1%
• Jan 21, 2021Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder+0.6%
• Jul 27, 2020Yen rises against weaker dollar-0.8%