As China's yuan drops through 7 again, the dollar is in the driver's seat

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.

• Nov 1, 2018China’s Yuan Drops to a Decade-Low, 7 Per Dollar Now in Sight-0.8%
• Jul 20, 2018China’s yuan falls against dollar, helping exporters | The Seattle Times+0.2%
• May 31, 2022In Depth: Behind the Yuan’s Tumble Against the Dollar - Caixin Global-0.7%
• Jun 11, 2019For China's yuan, the path toward 7 per dollar is now wide open | The Straits Times-0.1%
• Sep 29, 2022CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg-1.2%

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.

• Sep 29, 2022CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg-1.0%
• Nov 1, 2023The Aussie Dollar is Tied to China’s Outlook-1.4%
• Jun 1, 2023Why is the US dollar so strong again?-0.9%
• Oct 8, 2024China’s yuan falls against strong dollar, stocks surge after holiday+0.9%
• Nov 10, 2016Donald Trump's win in US presidential election sends China yuan to six-year low against dollar+1.9%