China’s yuan: central bank to boost flexibility of exchange rate to handle ‘shocks’ from overseas monetary policy

After 42 past neutral policy events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (50% higher; middle half -0.3% to +0.4%), and -0.2% over 20.

• Oct 20, 2019China’s yuan exchange rate ‘appropriate’ after recent weakening, central bank chief says | South China Morning Post-0.2%
• Jun 18, 2021Central bank targets exchange rate stability - Chinadaily.com.cn+0.3%
• Feb 25, 2019China central bank vows to make yuan more flexible - Gulf Times-0.1%
• Jan 1, 2017China tweaks yuan basket to play down US dollar | South China Morning Post-0.1%
• Sep 24, 2017China wants to reduce control of changes in yuan's exchange rate - Chinadaily.com.cn+1.0%