Update | Chinese yuan slides to 5-year low, pound slumps further in Brexit aftershock | South China Morning Post

After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.

• Nov 14, 2016Chinese yuan tumbles to a seven-year low as dollar surges | South China Morning Post+1.3%
• Oct 31, 2018China to sell new yuan bills in Hong Kong – a new tool to control the currency now at a 10-year low | South China Morning Post-0.7%
• Jun 24, 2016Chinese yuan falls to more than 5-year low on Brexit fears+1.1%
• Sep 28, 2022China's yuan slides to 14-year low after US rate hikes | AP News-0.9%
• Jan 3, 2017Yuan starts 2017 weaker after PBOC cuts fixing by most in two weeks | South China Morning Post-0.1%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Nov 14, 2016Chinese yuan tumbles to a seven-year low as dollar surges | South China Morning Post+1.4%
• May 5, 2022US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+0.7%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post+2.3%
• Jun 28, 2024China’s central bank puts the yuan’s exchange-rate swings in crosshairs | South China Morning Post-0.7%
• Nov 30, 2016Robust dollar, tumbling yuan underline need for US-China currency deal | South China Morning Post-0.6%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Mar 16, 2023Oil slumps nearly 5% to lowest in more than a year as banking fears mount+4.9%
• Feb 24, 2020Oil slides into bear market territory, posting worst day in more than a month-16.0%
• Aug 15, 2021Ringgit hits 1-year low after cabinet resignation; may face pressure in coming months - The Business Times-8.9%
• Feb 3, 2020Canadian dollar slides to two-month low as China virus hits oil demand - The Globe and Mail-2.4%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-7.1%