CNY: A considered move from the PBoC

After 362 past bearish macro events, USDCNY moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

• Aug 31, 2017CNY seems to have decoupled from the broader market - Westpac — Octa-1.7%
• Oct 29, 2019PBOC set the onshore yuan at its strongest in 2 months-0.5%
• Oct 12, 2017USD/CNY: Volatility interpreted as more to the downside - Westpac — Octa+0.6%
• May 24, 2017The Chinese Yuan Jumps to a 2-Month High - Business Insider-1.1%
• Apr 23, 2024Where king dollar is causing pain the most-0.1%

After 213 past bearish macro events, USDBRL moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.

• Jul 10, 2024Latam FX Talking: Making the most of a short-lived rebound | articles | ING THINK+0.5%
• Feb 16, 2024Latam FX Talking: Rethinking the real | ING THINK+0.0%
• Nov 17, 2021LATAM FX Outlook 2022: Return of the Pink Tide? | articles | ING THINK+2.7%
• Feb 13, 2021Latam Charts: FX in a Long-Term Macro Lens | Post+2.0%
• Mar 19, 2021Latam FX firm; Pemex move puts Mexico's credit rating in focus - Markets - Business Recorder+1.8%

Not enough comparable past events yet for a historical read.