Yuan falls out of favour with China’s exporters as fears of depreciation mount

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.

• Feb 26, 2017China's yuan falls, but fears of US trade war may cap depreciation - The Business Times+0.5%
• Jan 6, 2022China's yuan eases on hawkish Fed, warning of depreciation pressure | Reuters-0.1%
• Jul 30, 2018China's yuan hits 13-month low on weaker fixing and depreciation bets+0.3%
• Jul 20, 2018China’s yuan falls against dollar, helping exporters | The Seattle Times+0.2%
• Feb 27, 2025China steps up scrutiny of capital flows as yuan depreciates-0.1%

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.

• Apr 29, 2026South African rand falls more than 1% ahead of Fed decision | Reuters-0.1%
• Jun 30, 2016China's yuan sees biggest quarterly fall on record+0.6%
• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-0.2%
• Jan 25, 2017Surprise China MLF rate rise weighs on bonds; yuan and money rates fall | Reuters-0.7%
• Nov 16, 2016Yuan falls to 8-year low as China-critic Trump prepares to take office+0.6%