China’s yuan eases ahead of US election, shrugs off strong PMI - Markets

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.

• Oct 21, 2024China’s yuan steady after LPR cuts, eyes on US election - Markets - Business Recorder+0.3%
• Apr 19, 2023China’s yuan softens ahead of key lending rate moves - Markets - Business Recorder+0.8%
• Jan 31, 2024China’s yuan eases after PMI, dragged by falling bond yields - Markets - Business Recorder+0.2%
• Mar 29, 2023China’s yuan eases, market awaits March PMIs for clues on economic recovery - Markets - Business Recorder+0.1%
• Jun 8, 2022China’s yuan eases amid concerns of increasing policy divergence - Markets - Business Recorder+1.1%

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.

• Jan 11, 2021China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder+0.2%
• Aug 31, 2026Dollar slips ahead of US jobs data - Markets - Business Recorder-0.6%
• Jun 18, 2026China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder+1.4%
• Mar 24, 2021China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder+0.8%
• Oct 29, 2024Australian dollar undermined by rising US yields ahead of inflation test - Markets - Business Recorder-0.2%