
China's yuan rose on Tuesday, bouncing off a near 15-year low against the U.S. dollar as investors sold the safe-haven greenback and sentiment improved. Higher stock markets also supported the currency.
A firmer yuan modestly eases the cost of dollar-priced grain and oilseed imports for China, a small supportive factor for soy demand.
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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.