China's yuan hits 2023 lows on signs PBOC is tolerant of some weakness

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.

• Sep 28, 2022China's yuan ends at weakest since global financial crisis, hits record low offshore | Reuters-0.9%
• Dec 11, 2023China’s yuan weakens to 3-week low, hurt by deflation signs - Markets - Business Recorder-0.7%
• Jul 26, 2021Yuan nears 1-week low, eyes on China's Politburo, U.S. Fed | Reuters-0.3%
• May 11, 2022How PBOC might respond to China's weakening yuan+0.0%
• Oct 29, 2018China's yuan finishes onshore trading at weakest since 2008 By Reuters-0.8%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Mar 6, 2026China’s yuan set to end longest weekly rally since 2012 on Middle East turmoil | Reuters+4.2%
• Aug 25, 2022Inflation-hit world cheers China’s falling yuan | Reuters-3.4%
• May 1, 2025Yuan falls to 2007 lows as US tariffs on China kick in-0.4%
• Nov 12, 2024China’s yuan weakens to 3-1/2-month low as Trump tariff threat weighs - Markets - Business Recorder-0.2%
• Sep 29, 2022CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg-2.8%