Yuan starts 2021 with brisk gains as traders clear key hurdles

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.

• Dec 2, 2020Yuan ends at 2-week high; Biden comments on trade deal cap gains | Financial Post-0.6%
• Apr 22, 2021China's yuan nears six-week high as U.S. yields ease | Financial Post-0.2%
• Nov 6, 2019China sets yuan midpoint at three-month high | Financial Post+0.2%
• Jun 29, 2022China's yuan firms as Beijing eases quarantine rules | Financial Post0.0%
• Dec 20, 2022China's yuan edges up as unchanged key lending rates offer no surprise | Financial Post-0.2%

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.

• Jun 1, 2021Dollar steadies, yuan slips after central bank moves to limit gains | Financial Post-0.2%
• Apr 22, 2021China's yuan nears six-week high as U.S. yields ease | Financial Post-0.3%
• Nov 17, 2020Sterling edges higher as traders focus on drawn-out Brexit talks | Financial Post-0.1%
• Nov 9, 2020China sets yuan midpoint at 28-month high after Joe Biden wins presidency | Financial Post-0.1%
• Nov 22, 2022C$ rises as October flash economic estimates show gains | Financial Post-0.8%