China's yuan weakens as U.S. dollar gains on sustained inflation outlook

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.

• Sep 17, 2020Yuan falls on dollar strength after Fed's upbeat economic outlook | Financial Post+0.8%
• Apr 1, 2021China's yuan dips as Biden infrastructure plan lifts dollar | Financial Post-0.2%
• May 16, 2022Dollar slips from 2-decade highs; yuan falls on weak China data | Financial Post-1.4%
• Jun 27, 2016China Weakens Yuan Fixing by Most Since August as Dollar Surges - Bloomberg+0.6%
• Mar 20, 2023China's yuan eases after reserve ratio cut; Fed decision in focus | Financial Post-0.3%

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.

• May 27, 2021Dollar firms as traders brace for U.S. inflation gauge | Financial Post+0.3%
• Sep 17, 2020Yuan falls on dollar strength after Fed's upbeat economic outlook | Financial Post+1.6%
• Sep 17, 2020Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post+1.6%
• Sep 13, 2022Latam FX slump as hot U.S. inflation sends dollar soaring | Financial Post+1.4%
• Apr 1, 2021China's yuan dips as Biden infrastructure plan lifts dollar | Financial Post-0.5%