Korean Won, Chinese Yuan Set to Gain as US Interest Rates Expected to Drop

Not enough comparable past events yet for a historical read.

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

• Sep 30, 2019Yuan inches up on better-than-expected PMI data, set for monthly gain | Financial Post+0.4%
• Jan 31, 2019Yuan Strengthens As Fed Holds Interest Rates Steady - Caixin Global+0.5%
• Aug 31, 2022China starts to draw the line on the latest yuan drop+0.8%
• Jul 31, 2020Experts expect Chinese yuan to keep steady upward trend in H2 - Xinhua Silk Road-0.8%
• Nov 22, 2023Offshore Chinese Yuan Gains Over 1,600 Pips Against US Dollar in Past Week-0.1%

Not enough comparable past events yet for a historical read.

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

• Aug 31, 2022China starts to draw the line on the latest yuan drop+0.9%
• Aug 28, 2024AUD/USD clings to gains near 0.6800 as RBA unlikely to cut interest rates this year+0.5%
• Oct 31, 2019Gold gains as dollar weakens after Fed's interest rate cut-0.1%
• Jul 31, 2020Bangkok Post - Chinese and European shares gain as dollar slides-0.3%
• Oct 27, 2017Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)-0.1%