China's Yuan Drops Below Key 6.9 USD Mark on Fed Rate Stance

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.

• Jun 18, 2026China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder+0.6%
• Jan 29, 2021USD/CNY: Yuan drops despite surging Chinese overnight repo rate - Forex Crunch+0.3%
• Apr 19, 2023China’s yuan softens ahead of key lending rate moves - Markets - Business Recorder+0.8%
• May 5, 2022US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+1.7%
• Jun 21, 2023Yuan (CNY USD) Drops to Key 7.2 Level on Slow Stimulus, PBOC Greenlight - Bloomberg+0.5%

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.

• Jun 18, 2026China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder+1.4%
• Jan 29, 2021USD/CNY: Yuan drops despite surging Chinese overnight repo rate - Forex Crunch+0.7%
• May 5, 2022US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+0.7%
• Jul 31, 2025Fed's reticence on rate cuts forces market to rethink outlook-0.7%
• Jan 25, 2017Surprise China MLF rate rise weighs on bonds; yuan and money rates fall | Reuters-0.7%