China’s yuan touches two-week high after Fed appears less hawkish than expected - Markets

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.

• Jun 16, 2022China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder-0.2%
• Jul 31, 2023China’s yuan inches higher after better-than-expected PMI data - Markets - Business Recorder+0.3%
• Aug 30, 2021China’s yuan touches 3-week high - Business & Finance - Business Recorder-0.3%
• Feb 2, 2023China’s yuan jumps to over 2-week high on Fed’s dovish tilt - Markets - Business Recorder+0.7%
• Feb 6, 2024China’s yuan rises on firmer-than-expected fix, stock market support - Markets - Business Recorder-0.1%

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.

• Jun 16, 2022China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder-0.7%
• Jul 28, 2022Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared - Markets - Business Recorder-0.3%
• Jul 31, 2026Yuan rises to 1-1/2-month high - Markets - Business Recorder-0.1%
• Jan 21, 2021Yuan rises to 1-week high on weaker dollar, tighter cash conditions - Markets - Business Recorder+0.6%
• Dec 15, 2022Dollar falters as investors challenge Fed’s hawkishnes - Markets - Business Recorder+0.4%