Rupee aided by growing Fed rate cut hopes, yuan slip may limit gains

After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Aug 4, 2025China's yuan rebounds from 2-month low on weak US jobs and Fed rate cut expectations | MarketScreener-0.7%
• Aug 26, 2024US Dollar Falls After Powell Rate-Cut Signal but Downside Limited: GS - Markets Insider+0.7%
• Jul 27, 2023Indian rupee to rise post what is seen as Fed’s last rate hike - Markets - Business Recorder+1.2%
• Jun 1, 2021Dollar steadies, yuan slips after central bank moves to limit gains | Financial Post-0.2%
• Mar 3, 2020GLOBAL MARKETS-Stocks slide, 10-year Treasury yield hits record low after Fed's emergency rate cut+0.3%

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

• Jan 17, 2023Indian rupee weakens on yuan-led slide on Asian currencies - Markets - Business Recorder+1.3%
• Nov 9, 2022Yuan slips as weak inflation fans growth concerns - Markets - Business Recorder-2.1%
• Apr 19, 2023China’s yuan softens ahead of key lending rate moves - Markets - Business Recorder+0.8%
• May 8, 2024China’s yuan slips as hawkish Fed comments boost dollar - Markets - Business Recorder+0.2%
• Jul 27, 2022China’s yuan weakens as Fed looms, property, COVID weigh - Markets - Business Recorder-0.2%