China’s central bank puts the yuan’s exchange-rate swings in crosshairs

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.

• Aug 30, 2018Macroscope | China’s yuan sinks, but neither its central bank nor investors are showing signs of panic | South China Morning Post+0.2%
• May 5, 2022US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+1.7%
• Sep 21, 2017Across The Border | Why Beijing’s tight grip on the economy is bad news for the yuan | South China Morning Post+1.1%
• Nov 2, 2021Macroscope | Why the wind behind the Chinese yuan’s strength is likely to die down in 2022 | South China Morning Post-0.1%
• Jun 29, 2018Offshore yuan drops faster than onshore currency as trade war fears, central bank policies spook international investors | South China Morning Post+0.2%

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.

• May 5, 2022US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+0.7%
• Jul 29, 2026With the central exchange rate surpassing its peak, will year-end pressure increase?-0.9%
• Sep 27, 2018World’s two largest economies diverge as China leaves key interest rate unchanged in wake of US Fed cut | South China Morning Post+0.4%
• Jun 27, 2016Update | Chinese yuan slides to 5-year low, pound slumps further in Brexit aftershock | South China Morning Post-0.4%
• Sep 18, 2017Dollar hits seven week high against the yen as Fed meeting on US interest rates eyed | South China Morning Post+0.4%