Dollar strength nears end with small Fed rate hike, breaks 101 handle

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.

• Dec 1, 2022US dollar strength has ‘reached peak’, China’s central bank says, as Fed considers scaling back rate hikes | South China Morning Post-1.7%
• Aug 10, 2017China’s yuan strengthens to 10-month high against US dollar+0.3%
• Oct 19, 2021Dollar drops as rate-hike bets profilerate elsewhere, yuan hits 4-mth peak-0.7%
• Nov 24, 2021Asian FX resist dollar strength, Thai stocks hit over 2-year high | Financial Post-0.4%
• Aug 24, 2018PBOC Joins Forces With Powell to Hit the Brakes on Dollar Rally - Bloomberg-0.5%

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.

• Mar 20, 2018Even with a Fed rate hike, dollar can weaken further: Credit Suisse-0.9%
• Apr 4, 2023Dollar slumps after weak data, markets bet Fed nears end of hiking cycle+0.4%
• Mar 16, 2017Why Did The US Dollar Fall Despite FED Hike? | Exchange Rates UK-1.3%
• Apr 29, 2025Sterling Maintains Strength, Nears Record Dollar Highs - Finimize-0.4%
• Jul 18, 2022Dollar retreats as rate hike bets ease-0.8%