Greenback gains, Aussie tumbles after weak Chinese data

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.

• Mar 1, 2021Dollar gains on reflation trade, Aussie recovers | Financial Post+0.8%
• May 9, 2022Chinese Yuan Slips To An 18-Month Low - Asia Financial News+0.8%
• Sep 24, 2026Aussie And Kiwi Dollars Sink As US Data Lifts Greenback - Finimize+0.7%
• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-0.2%
• May 16, 2022Dollar slips from 2-decade highs; yuan falls on weak China data | Financial Post-1.2%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Apr 15, 2022Analysis-Hawkish Fed and China lockdowns threaten Brazil’s world-beating FX rally – Financial Newsletter+2.0%
• Apr 18, 2024US dollar gains after strong data, Fed comments on rate cuts+1.4%
• Jul 22, 2024China cuts lending rates to boost economic growth following weaker Q2 GDP data-1.8%
• Aug 15, 2022Soy dives on China's economic uncertainty | Financial Post-10.8%
• May 13, 2021Soybeans retreat from 8-1/2-year high as dollar holds gains | Financial Post-7.4%

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.

• May 9, 2022Chinese Yuan Slips To An 18-Month Low - Asia Financial News+1.8%
• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-1.0%
• Dec 9, 2019Chinese yuan weakens to 7.0405 against USD Monday_Xinhua Finance Agency-0.6%
• Jun 29, 2020Chinese yuan weakens to 7.0808 against USD Monday_Xinhua Finance Agency-0.9%
• May 16, 2022Dollar slips from 2-decade highs; yuan falls on weak China data | Financial Post-1.4%